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.
A team who fully understood our business, our objectives and ultimately a team who we felt we could trust and enjoy working with. Excellent advice throughout the negotiations. Would not hesitate to recommend them. Neil Hollingworth - SRBE Holdings Limited
I've always been very happy with the information provided and, no matter how obscure it may be, the agricultural team have always been able to find an answer – and with the large diversification project we took on there have been plenty of questions! Callum Bates - J Bates & Son