IFRS

IFRS Advisory Services
We are readily equipped to provide a top range of IFRS conversion and training services to meet your IFRS transition deadlines and to work further with you at managing and embedding the changes into your other areas of business operation.

We are professionally equipped to assist our clients to resolve all problems associated with training and conversion to IFRS. Our approach minimizes disruption to regular business activities while managing the conversion activities using the best practice in project management which ensures high chances of success. In carrying out an IFRS conversion, we systematically assist an enterprise through:

Preliminary Work

IFRS Advisory Services
  1. High-Level Impact Assessment
    • Business
    • Accounting and Financial Reporting
    • Processes and Systems
  2. Training
    • Awareness Training
    • Technical Training
    • Ongoing IFRS Training
  3. Transition
    • Review of current accounting policies and items of the financial statements.
    • Identification, logging and resolution of accounting policies differences/issues
    • Development of IFRS accounting policies
    • Opening IFRS Balance Sheet
  4. Full Compliance
    Detailed Assessment and Implementation of :
    • System changes
    • Products and offerings modifications
    • Ensuring that transactions and events are recorded on IFRS Basis.
    • Parallel Reporting – IFRS and SAS reconciliations till the end of the comparative year.
    • Post Transition Reviews
    • Updated/Newly issued standards
    • Adjustments to Policies and Manuals
    • Business Impacts.

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