Overview
IFRS, International Financial Reporting Standards is the globally accepted accounting framework for reporting and organising financial statements. With this single set of accounting standards used worldwide, we provide high-quality, transparent & organised records of financial information.
IFRS Implementation Methodology
● Objective setting with key client stakeholders
● Due Diligence of financial statements.
● Initial assessment of applicability of IFRS.
● Initial diagnostic phase to identify IFRS compliance gaps.
● Roadmap development to bridge identified IFRS gaps.
● Executing, monitoring and reporting IFRS compliance.
Our expertise includes
● Facilitation of efficient reporting – Our IFRS Experts facilitate better understanding and efficient reporting of a company’s financial data per the Unified Set of Accounting and Reporting Standards.
● Transparent and globally enforceable reporting – We ensure complete and relevant information is recorded in the financial statement, enabling a transparent picture with no scope of manipulation.
● Cross-border transactions and investments – We enable cross-border acquisitions by leveraging common valuations through IFRS-based financial statements.
● Facilitate international acquisitions and mergers – Our prompt and transparent provision of financial data enables our clients to be an attractive investment target in international capital markets.
A dedicated IFRS desk staffed with experienced and qualified professionals focused on converting Financial statements to IFRS-based standards and guides clients to manage the transition on an ongoing basis.
Our teams enable transparency by ensuring that all financial statements are in line with IFRS Accounting Standards. This enhances the comparability and quality of financial information across international locations and stakeholders and enables investors and other market participants to make informed decisions.
Conversion of Saudi GAAP Financial statements to IFRS complaint reporting (including actuarial valuation) for all subsidiaries, joint ventures and associate companies of a KSA-based Multi-industry conglomerate
How Can We Help You!
We understand the importance approaching each work integrally and believe in the power of simple and easy communication.