It is becoming increasingly important for group financial statements to be prepared in accordance with the International Financial Reporting Standards (IFRS). Since 2005, capital market-focused companies have been legally obligated to draw up their group financial statements according to IFRS. But it is already being discussed whether small- and medium-sized businesses that operate internationally may have to change over in the future. The implementation of IFRS means increased transparency and better comparability. The question of whether a changeover would be useful for a particular company is an individual one. We support our clients when it comes to making this important decision.
Introducing IFRS poses a great challenge for any company. The opening IFRS balance sheet, no less, sets the starting point for accounting under IFRS. Individually tailored solutions are required. Real-life experience shows that the transfer of knowledge to the users in accounting and controlling is crucial for a successful changeover. Our specialists have extensive practical experience of small- and medium-sized companies changing over to IFRS.
