IFRS Accounting And Reporting Services
International Financial Reporting Standards (IFRS) serve as a global framework for preparing financial statements, developed by the International Accounting Standards Board. Used by over 150 countries, IFRS is emerging as the global accounting language, promoting cross-border investment by reducing capital costs and breaking down barriers. Utilizing IFRS enhances the quality, comparability, and transparency of financial information, fostering credibility and improving access to credit and investment opportunities.
How CFGI Can Help
Our IFRS technical professionals anticipate accounting requirements, leveraging deep subject matter knowledge and broad sector experience from global engagements. We simplify complex situations into language understandable by non-accountants. CFGI aids companies in successfully transitioning to or from IFRS, ensuring compliance, and provides advice on global sustainability, including ESG reporting. Our advisors offer comprehensive solutions in areas such as transition methodology, technical accounting, treasury, tax, interim resources, M&A, valuations, and project management.
CFGI’s experts keep you updated on evolving IFRS and global sustainability landscapes, promoting consistent interpretation and application of standards. We help you navigate through complexity, allowing you to focus on running your business.
Our Cross-Functional Solutions Include:
IFRS ↔ US GAAP Conversions
- Financial diligence procedures and comprehensive gap analysis diagnostic
- Identification and quantification of GAAP differences
- Bridge accounting between IFRS and US GAAP
- Preparation of full IFRS and/or US GAAP financial statements
- Similar services available for other local GAAP conversions
Financial Reporting Integration
- Evaluation of conversion project processes, controls, and deliverables
- Recommendation on adapting processes, systems, data, accounting policy alignment, and best practices
- Ongoing audit support for first-year adoption and subsequent needs
IFRS Technical Accounting Advice & Support
- Merger & acquisition, divestiture, and carve-out transactions
- Foreign private issuer and cross-border transactions including SPAC
- Global sustainability reporting including ESG
- Purchase price allocation related to business combinations
- Share-based compensation programs and other employee benefit schemes
- Revenue recognition
- Lease accounting
- Consolidation
- Financial instruments and hedging
- Valuation and impairment assessment
- Financial and non-financial disclosures
- Tax issues
Other Critical Stand-Ready Support
- Advice on key stakeholder communications
- Conversion project management leadership and support
- Onboarding and coaching support
Why CFGI?
CFGI’s IFRS experts are adept at translating intricacies into understandable language for your financial statements and global sustainability reporting. We establish a cross-functional team with agility and efficiency, offering practical, hands-on advice and acumen in accounting, business, and technology.
Connect With Our Leaders
Jean-Pierre Henderson
Partner
(347) 522-1598
jphenderson@cfgi.com
Greg Taylor
Partner
+44 (0) 7704 770 410
gtaylor@cfgi.com