IFRS Services

1. Assessment of Current Accounting Policies

We assess current accounting policies and practices to identify gaps and recommend adjustments for compliance with IND AS/IFRS standards. This involves reviewing financial reporting methods and recommending changes to align with international accounting standards.

2. Preparation of IND AS/IFRS-compliant Financial Statements

We assist in the preparation of financial statements that comply with IND AS/IFRS standards. This includes ensuring that all required disclosures and accounting treatments are in accordance with international financial reporting requirements.

3. Development and Execution of IFRS Adoption Strategies

We work with companies to develop and execute strategies and frameworks for the adoption of IND AS/IFRS standards. This may involve phased implementation plans, training programs, and change management strategies to ensure smooth transition and compliance.

4. Creation and Assessment of Internal Control Procedures

We create and assess administrative and internal control procedures to ensure they are aligned with IND AS/IFRS requirements. This includes reviewing controls over financial reporting and recommending enhancements to strengthen compliance and accuracy.

5. Opinions on IND AS/IFRS-related Matters

We provide assistance in forming opinions on IND AS/IFRS-related matters, including complex accounting treatments, interpretations of standards, and disclosure requirements. Our expertise helps clients navigate uncertainties and make informed decisions.

6. XBRL Formatting for IND AS/IFRS Financial Statements

We support companies in filing IND AS/IFRS financial statements in XBRL (eXtensible Business Reporting Language) format. XBRL ensures compliance with regulatory reporting requirements and facilitates efficient data analysis and comparison.

7. Fair Value Determination of Assets/Liabilities

We assist companies in determining the fair value of assets and liabilities in accordance with IND AS/IFRS standards. This involves valuation assessments, methodologies, and disclosures to reflect fair market values accurately in financial statements.