Conversion from local GAAP to IFRS

Our approach to FIRS conversion first considers gap analysis to determine existing compliance status and development of a conversion approach that recognizes industry, financial accounting, reporting and regulatory environment of the clients.
Our services include:

  • First time adoption of IFRS – Conversion to IFRS from the local GAAP
  • GAP Analysis between IFRS and the local GAAPs as mentioned.
  • Development of IFRS accounting policy manuals best suited for your industry.
  • Re-aligning local charts of accounts to IFRS disclosure requirements for easy preparation of the annual financial statements.
  • Payroll Management
  • Account Receivable Management/Debt collection
  • Conduct of standard credit health checks for trading Partners/Distributors for credit grants