Inhalt

Conversion to IFRS-based financial reporting

A conversion to International Financial Reporting Standards (IFRS), which usually takes place in an international context, demands considerable expertise in terms of project management and professional IFRS know-how.

The preparation of an IFRS accounting manual to define the application of alternative accounting treatments is a key tool for ensuring a uniform conversion across all group entities. Furthermore, adjustments to the parent company's cost framework have to be made and communicated to all group companies.

Finally, exciting issues in relation to purchase price allocations and capital consolidation need to be assessed and resolved and, special attention must be given to the completeness and the true and fair view of the IFRS consolidated financial statements.

Where we excel – how you benefit

We have successfully advised numerous conversion projects for corporate groups including up to fifty entities worldwide working with different currencies. Our clients benefit from this expertise and receive support from our experienced auditors in all of the above mentioned tasks.