What challenge/ problem did the client come with?

The client wants to implement International Financial Reporting Standards (IFRS) in her/his organization.

We carry out this process in a structured manner. Its first element is to get to know the company’s operations and estimate the impact of IFRSs on current accounting policies. Then we quantify the differences and prepare new accounting policies. For previous years, we prepare adjusted balance sheets and profit and loss accounts and for the current year we show how transactions should currently be entered into accounts. Then we prepare a financial statement model in accordance with the IFRSs and implement it to the reporting process of the company. We also train our clients’ accounting teams to apply IFRS principles on a daily basis.