The application of the International Financial Reporting Standards (IFRS) for the purposes of group accounting is mandatory for listed companies in the EU; however, international companies that are not listed are also increasingly affected by the pull effect. This is because their stakeholders, especially investors and financial institutions, but also internationally operating customers and suppliers, are increasingly demanding internationally comparable financial statements. The importance of IFRS has therefore increased further in recent years.
IFRS - for internationally comparable financial statements
Access to up-to-date documents, specialist and background knowledge and timely advice are essential for companies considering a transition to IFRS. As IFRSs are subject to continuous changes – such as recently with IFRS 9, 15 and 16 - this also applies to those companies that have already completed such a transition.
The consulting services of PKF
Our IFRS experts support you in
- Audit or preparation of IFRS and US-GAAP financial statements
- Implementation of new standards such as IFRS 16
- Transition of accounting to IFRS
- Assessment of complex facts and solution of special questions
- Preparation of accounting guidelines and reporting packages
PKF's network partners also guarantee access to experts with extensive IFRS and US-GAAP knowledge through the worldwide network, who can provide you with competent advice, guidance and support on all relevant issues, including international ones. The aim of our integrated consulting approach is to work with you to develop the best solution for you, taking into account the respective industry and legal form.
Contact us if you have any questions regarding international accounting!