Main Services IFRS

IFRS

Our specialists feature deep understanding of international reporting standards and experienced in drawing up of auditing reports for companies of various industries according to IFRS. All our specialists are members of ACCA (Association of Chartered Certified Accountants) or have DipIFR (Diploma in International Financial Statements) grades.

  • reporting audit according to IFRS;
  • transformation of RAS data for the reports according to IFRS;
  • data consolidation of companies of the group for drawing up consolidated or combined reports;
  • drawing up (compilation) of a full package of the IFRS reports;
  • consulting in the sphere of IFRS including particular issues, general methodological support, and assistance in reports preparation.

Connection between the national accounting and International Financial Reporting Standards has considerably strengthened recently. IFRS has been actively integrating in the existing accounting and reporting system increasing transparency of organizations’ activity and changing the Russian standards. Thus, the number of companies using IFRS is constantly growing. Our specialists feature deep understanding of international reporting standards and experienced in drawing up of auditing reports for companies of various industries according to IFRS. All our specialists are members of ACCA (Association of Chartered Certified Accountants) or have DipIFR (Diploma in International Financial Statements) grades.

We offer the following services in the IFRS field:

  • audit of reports according to IFRS;
  • transformation of RAS data for the reports according to IFRS;
  • data consolidation of companies of the group for drawing up consolidated or combined reports;
  • drawing up (compilation) of a full package of the IFRS reports;
  • consulting in the sphere of IFRS including particular issues, general methodological support, and assistance in reports preparation.

Basic stages of reports compilation according to IFRS:

  • transformation of RAS data for company of the group according to the IFRS;
  • calculation and implementation of transformational corrections in Excel-based transformational models;
  • data consolidation of all the companies of the group, calculation and elimination corrections (in the Excel-based transformational models);
  • calculation and preparation of disclosures for the financial statements data as provided for by IFRS;
  • preparation of a full set of consolidated reports according to IFRS, including the reported forms of the note.