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.