International Financial Reporting Standards
As companies expand their operations across borders and engage with international stakeholders, adherence to internationally recognized accounting standards becomes essential. This is particularly true for companies listed on stock exchanges within the European Union, where IFRS accounting is obligatory.
However, in some jurisdictions, companies are legally required to prepare and present their financial statements in accordance with IFRS. Companies that choose to list their securities on stock exchanges located in the European Union are required to prepare their financial statements in accordance with IFRS. Consequently, these companies are typically required to undergo regular IFRS audits to provide assurance to investors and regulators. Financial institutions, insurance companies, and other regulated entities are also required by supervisory authorities to adopt IFRS and undergo regular audits to ensure compliance with applicable regulations and industry-specific reporting standards.
Companies may voluntarily choose to adopt IFRS and undergo an IFRS audit to meet the expectations of their investors, lenders, or other stakeholders. By following internationally recognized accounting standards and obtaining an independent audit opinion, companies aim to enhance transparency, build trust, and attract investment.
Companies with global operations or subsidiaries in different countries may opt for IFRS adoption and auditing to ensure consistency in financial reporting across their entities. IFRS provides a common accounting language that facilitates comparability and transparency, particularly in multinational organizations.
Why choose us?
Our team comprises highly skilled professionals who possess in-depth knowledge of IFRS and its complexities. We stay up-to-date with the latest standards, including those mandated by the European Union, and ensure that your financial statements comply with the ever-evolving IFRS requirements. Over the years, we have gained extensive experience across a wide range of industries. Whether you operate in manufacturing, technology, services, trade, or any other sector, our specialists possess the industry-specific knowledge required to perform comprehensive IFRS audits effectively.
We adhere to the highest standards of quality and professionalism in our audit engagements. Our rigorous processes and methodologies are designed to provide reliable and accurate assurance on your financial statements, giving stakeholders confidence in your financial reporting. Our aim is not just to fulfil your compliance obligations but also to add value to your business. We go beyond the audit to provide valuable insights and recommendations that help you improve your financial reporting processes, enhance internal controls, and mitigate risks.
Audit of annual financial statements
Audit of consolidation packages
Audit of transformations
Appraisal of non-monetary capital contribution