title

Insight

Some businesses are considering changing their holiday year to align it with their financial year in order to avoid problems with accounting for the holidays accruals under the new International Financial Reporting Standards (IFRS)

Find out more
title

Insight

Some businesses are considering changing their holiday year to align it with their financial year in order to avoid problems with accounting for the holidays accruals under the new International Financial Reporting Standards (IFRS)

Find out more

Financial Reporting

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board, or IASB, an independent, not-for-profit organisation.

The IFRS provides a global framework for how public companies prepare and disclose their financial statements, giving general guidance for the preparation of financial statements, rather than setting rules for industry-specific reporting.

Adopting a single set of world-wide standards simplifies accounting procedures by allowing the use of one reporting language throughout. A single standard also provides investors and auditors with a cohesive view of finances.

Our audit and assurance team are able to guide you through this framework, to make your company compliant and meeting with the international standards required; this is especially useful for large companies with subsidiaries in multiple countries.

Get in touch to discuss how we can help get your accounting standards in line.

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