The IFRS accounting standard promotes consistency and comparability in the financial reporting of companies worldwide, including public, private and not-for-profit organizations. Its adoption is intended to improve transparency, streamline reporting, and foster a unified understanding of financial statements.
Despite its benefits, companies encounter challenges during the IFRS implementation phase, including one-time transition costs, heightened demands for professional judgment, and the impact of global economic fluctuations.
At KPMG, we understand the industry-specific challenges and offer tailored support in transactions, IFRS implementing, and enhancing stakeholder communication to optimize reporting practices.
Are you encountering any of these situations?
- Transition to IFRS: Planning to switch from another financial reporting standard to IFRS.
- Acquisitions: Seeking expertise in asset valuation, purchase price allocation, and assessing the impact of acquisitions from an IFRS perspective.
- Divestitures: Needing assistance with carve-out IFRS financial statements and advice on complex IFRS issues when selling a subsidiary or business unit.
- IFRS consolidated financial statements: Required to prepare consolidated financial statements under IFRS but lacking the necessary personnel resources or expertise.
- IFRS accounting manual: Looking for help in creating a custom, user-friendly IFRS manual tailored to your company's unique needs, or an independent review of your existing manual.
- Accounting issues: Facing complex financial accounting challenges and in need of consulting an IFRS expert or seeking a second opinion.
- IFRS training: Aiming to enhance IFRS knowledge within your company.
Our IFRS services
At KPMG's Accounting Advisory Services, we are not just accounting specialists, but a team of dedicated subject matter experts with in-depth experience around complex IFRS accounting topics. We support you in:
- transitioning to IFRS.
- integrating new businesses into your IFRS consolidation.
- preparing carve-out IFRS financial statements of to-be-sold businesses.
- ensuring your consolidated financial statements comply with the latest IFRS.
- compiling or updating your IFRS accounting manual.
- solving complex ad-hoc IFRS accounting issues.
- preparing and delivering IFRS trainings.
Our Accounting Advisory Services Team offers further services tailored to your specific needs. Find out more here:
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