IFRS advisory
IFRS are now recognized as legally valid standards in more than 140 countries worldwide. The EU has also accepted IFRS as an accounting standard and has required publicly traded companies to prepare their consolidated financial statements in accordance with IFRS. In short: for many companies, accounting in accordance with IFRS is simply a legal requirement; for others, it is necessary following an acquisition as part of an M&A transaction, the entry of an investor or an IPO. For all others, it is an opportunity to open up to new investors.
For companies operating internationally, accounting on the basis of globally uniform accounting and reporting regulations can bring considerable advantages.
At the same time, however, the complexity of the regulations and their constant further development present companies with major challenges. It is not uncommon for the IASB's IFRS standard setting to lead to difficulties of interpretation in companies' financial and accounting systems and doubts as to how they should be implemented in practice. In addition, the change in accounting standards is not only a challenge for companies and their employees - it also has far-reaching effects on internal systems and processes. Without expert knowledge, the correct implementation and application of IFRS is therefore difficult to handle.
With our efficient and practice-oriented approach, we provide you with expert advice and work with you to develop a tailor-made solution for each issue.
Our services at a glance
- Preparation and auditing of IFRS financial statements
- Support in the changeover of accounting standards (conversion)
- Support in the implementation of international accounting standards
- In-house training and workshops on the fundamentals of international accounting and on company-specific topics
- Support with complex accounting topics from the IFRS area, e.g. Purchase Price Alllocation (PPA); impairment tests; leasing transactions; derivatives; deferred taxes
- Post Transaction Services: Support in the adaptation of processes
