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International Financial Reporting Standards
KPMG’s Accounting Advisory professionals work with our firms' clients to help them achieve compliance, advising on how they might organise their financial reporting processes and helping align their accounting operations with the objectives of the business.
Our Accounting Advisory Services practice works with our firms’ clients on a range of important matters possessing significant accounting ramifications, including:
Converting to International Financial Reporting Standards (IFRS)
Initial public offerings
Merger and acquisition activity
Cross-border transactions
Improving the speed and quality of financial reporting (Quality Close)
Improvements in the financial reporting process chain.
When extraordinary circumstances create a need for temporary assistance, e.g. during M&A activity or restructuring, we are able to co-source scarce accounting and financial reporting resources.
Performance and Regulatory compliance
We can help client organisations deal with the accounting considerations involved in new regulatory compliance initiatives, including new accounting standards or regulatory pronouncements. We can also assist clients in fulfilling capital market expectations of reliable, transparent and detailed financial information. We advise on improving systems and processes to create an appropriate balance between performance, risk and control while delivering accurate and timely information to significant stakeholders.
Global capabilities
We aim to deliver a consistent, cost-effective service. This service is backed by the resources of:
- Teams of financial reporting professionals in 145 countries worldwide, with in-depth sector knowledge and business advisory skills
- One of the world’s leading business advisory networks.
We are the trusted accounting advisors to the boards and executives of some of the world’s leading organisations. Our member firms operate in developed markets and we also have a dynamic presence in the key emerging economies of Central and Eastern Europe, Russia, Latin America and China.
IGAAP conversion to IFRS
KPMG has a well researched Global Conversion toolkit that has worked well in many IFRS conversion assignments across the world. We have the necessary technical support with our “International Financial Reporting Group”
We believe that IFRS is not just an accounting project but it has various facets that are industry specific as well. This would explain our multidisciplinary team of accounting, tax, process and information technology resources apart from the industry IFRS experience that we bring in with each team.
Contact us today if you have any questions on IFRS.
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