Implementation of new IFRS

The emergence of new IFRS standards could significantly change how entities recognize, measure and disclose their revenues, expenses, assets and liabilities.

As a result of new IFRS standards such as IFRS 9 — Financial Instruments, IFRS 15 – Revenue from Contracts with Customers and IFRS 16 – Leases, all entities will likely have to consider and implement massive changes in their internal operations. Management will need to perform a comprehensive review of existing contracts, business models, accounting policies, IT systems and internal processes and controls to assess the extent of changes needed because of the new IFRS standards. We offer our technical expertise to help you go through the exciting journey of implementing a new IFRS standard.

We work with clients across the consumer markets, technology, transportation and logistics, industrial manufacturing, engineering and construction and automotive industries to adapt and thrive under the new reporting requirements.

Our IFRS implementation services include:

  • Full outsourcing of implementation;
  • Consultation on the various steps of the implementation process.

We offer additional services, including:

Preparation of financial statements under IFRS and/or local GAAP 

More than 30 jurisdictions across Europe require IFRS standards for listed financial institutions or public interest entities (PIEs). Others are on the path to either full acceptance or – at the very least – dual compliance. We can help you be compliant and confident in your numbers.

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Implementation of complex IFRS accounting

In modern capital markets, accounting and financial reporting are becoming increasingly complex. IFRS issues need to be anticipated in advance and resolved timely in order to preserve the value of the business and avoid regulatory sanctions. Let us help with that.

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Implementation of new IFRS

The emergence of new IFRS standards could significantly change how entities recognize, measure and disclose their revenues, expenses, assets and liabilities. We can help you implement new IFRS standards in your business.

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First-time adoption of IFRS

Transition from local GAAP to IFRS poses management with many challenges related to preparing the opening balance sheet at the date of the transition. We can help you make the transition a smooth one.

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Getting started with us is straightforward.