Timely analysis of new IFRS standards and IFRIC interpretations is critically important, as preparation may require actions even before the changes take effect. These actions might include renegotiating contracts or selecting systems. In addition to recognition and measurement principles, the rules governing the presentation of financial statements are constantly evolving, which increases the need for proactive preparation.
Companies generally shouldn't aim to acquire all the required expertise internally but rather leverage the help of experienced professionals. We support our clients and act as advisors, both in monitoring new requirements and in processes related to their implementation. We assist IFRS reporters as well as companies considering transitioning to IFRS reporting or initiating an IFRS conversion project.
A successful implementation of IFRS standards starts with asking the right questions, and we help you find the answers.
