IFRS Advisory Services
To constitute a standardized way of describing the company’s financial performance so that company financial statements are understandable and comparable across international boundaries.
IFRS Advisory Services
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardized way of describing the company’s financial performance so that company financial statements are understandable and comparable across international boundaries.
Let’s discuss your requirements
The mission is to develop standards that bring transparency, accountability, and efficiency to financial markets around the world. IFRS Standards are now required in more than 140 jurisdictions, with many others permitting their use.
The increasing complexity of financial reporting and the rapid pace of change has led to a significant increase in demand for high-level accounting advice from an expert in the field. Our efficient and expert advisory team will help the businesses for the easy adoption and implementation of IFRS standards.
Companies in the UAE are subject to the IFRS and we provide professional expertise in understanding and complying with these standards.
What Parker Russell UAE offers?
- IFRS adoption and implementation
- Implementation assistance with complex standards such as IFRS 9 and IFRS 15
- GAP analysis
- Impairment testing and modelling
- Revenue Recognition Processes and Controls
- Training and knowledge transfer process
- Preparation and development of reporting manuals
- Developing a plan for sustainability
- Assistance in redrafting of IFRS accounting policies in line with changes in accounting standards or adoptions.
We guarantee our clients a seamless and fast transition, complete with morale and authority. Our team of advisers is always up to date on the implications for various entities and is ideally positioned to assist you in implementing and giving advice on the transitional consequences of these new changes in international accounting standards.