International Financial Reporting Services
Companies operating internationally face numerous challenges. In addition to difference in culture and taste, regulatory and accounting requirements can differ substantially, even in seemingly homogenous regions like the European Union. For publicly traded companies, the changes only multiply.
Even though the European Union’s IFRS requirement is almost ten years old, finding experts in International Financial Reporting Standards (IFRS) is still difficult. Then, when it comes to Generally Accepted Accounting Principles (GAAP), recruiting staff qualified to apply US GAAP can seem impossible.
On the other hand, the benefits of IFRS and US GAAP can go far beyond merely fulfilling one’s regulatory or legal obligations.
As both standards aim to provide information that allows investors to make decisions, IFRS and US GAAP can serve as the basis for information systems that help management allocate capital and maximize profitability. This feature of IFRS and US GAAP is especially impotent in those countries, of which there are still many, where national GAAP focuses on taxation, making it practically useless for any other application.
With a dedicated and experienced team, we can prepare:
- Individual and consolidated financial reports in compliance with International Financial Reporting Standards (IFRS)
- Individual and consolidated financial reports in compliance with US Generally Accepted Accounting Principles (US GAAP)
- Bespoke managerial reports tailored to individual company needs
- National Generally Accepted Accounting Principles (National GAAP) accounts consistent with the EU and national accounting legislation and/or reconciliations between these accounts and IFRS / US GAAP