IFRS

Depending on the customer’s wish, the first preparation of finance accounting based on IFRS can be performed either by our specialists alone, or by involving (participation) the staff of the customer accounts.

When signing the agreement on the preparation of accounts in the IFRS format, we perform:

Audit according to international standards , as a rule, is required when a company’s accounts are designed based on the international standards of finance accounting (IFRS).

IFRS audits are interesting to the companies that aim either to attract foreign investments or to sell shares to western companies. The western partner wishes to assess a company’s actual financial situation, and, therefore, would request an audit performed according to international standards.

Transformation of booking is a process of preparing accounts based on IFRS standards by regrouping accounts information and adjusting specific items of accounts prepared in accordance with the rules of the Russian system of bookkeeping.

The process of transformation consists of the following stages: