The good news: investors are now able to understand and compare financial statements from companies around the world. Result: lower cost capital more efficiently allocated. The not-so-good news: it’s been a challenge getting through the IFRS conversion process and initial reporting period. Conversion to IFRS is much more than a technical accounting issue. IFRS may significantly affect any number of a company’s day-to-day operations or even impact the reported profitability of the business itself.
We have a proven track record in helping companies successfully complete the transition to new or revised accounting standards. Reflecting the complexity of the task at hand, we have a range of specialists to assist companies in the adoption of new or revised standards.