IFRS advice and audit

International shareholders, foreign finance or a possible sale of your business often call for reporting in accordance with IFRS (International Financial Reporting Standards).

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At the same time, IFRS brings complex choices with it in the areas of measurement, consolidation and reporting. We help you stay in control. From a one-off IFRS question to the full conversion of the annual accounts and the mandatory audit of IFRS annual accounts: we combine technical expertise with practical advice that fits your strategy and growth plans.

International reporting calls for more than technical knowledge

When you operate in an international environment you need financial information that is comparable and transparent worldwide. That is how you give shareholders, investors, banks and foreign parent companies the right insight. IFRS is often the standard for this.

We look beyond the accounting treatment. We help you understand the impact of IFRS and translate it into the wider financial and strategic context of your business.

The challenge does not lie only in the reporting rules themselves. A choice within IFRS often affects far more than just the annual accounts. Think of financing agreements, valuations in an acquisition, dividend policy or the way your company’s performance is presented to stakeholders.

From conversion to audit: one point of contact for IFRS

A move to IFRS usually starts with a concrete trigger. Perhaps a foreign shareholder asks for IFRS reporting, but a sale, international expansion or a financing process can also be the reason for moving to IFRS.

A successful transition calls for a structured approach. We start with an impact analysis in which we map out the differences between your current reporting framework and IFRS. We then guide the application of IFRS 1: the standard that applies to organisations reporting under IFRS for the first time.

In doing so we look at, among other things:

Accounting policies and changes in framework
Consolidation questions
Business combinations and acquisitions
Property and asset valuations
Lease contracts under IFRS 16
Financial instruments
Presentation and disclosure requirements

Alongside implementation, we support your organisation in preparing IFRS annual accounts, periodic reports and technical position papers. We can also act as a sparring partner for CFOs and controllers on complex questions.

Certainty for shareholders, financiers and regulators

Our accountants have extensive experience with the audit of IFRS annual accounts. We assess not only the figures, but also the underlying assumptions, estimates and reporting choices on which those figures are based.

By organising advice and audit close together, we identify points for attention early on. That prevents surprises at the end of the reporting process and makes for efficient collaboration.

Whether it concerns a one-off technical question, a complex IFRS conversion or the audit of a complete set of IFRS annual accounts: you get access to specialists who know the theory and understand what is going on within your business. That way you keep your focus on running the business, while knowing for certain that your financial reporting is in line with international standards and the expectations of your stakeholders.

Discuss your IFRS question with a specialist

Book a no-obligation introduction and find out what we can do for your organisation.

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Frequently asked questions

Frequently asked questions about this service. Is your question not listed? Get in touch, our specialists are happy to help you further.

What exactly does IFRS involve?

IFRS is an international set of reporting rules for preparing financial statements. These standards aim to make financial information comparable, transparent and reliable worldwide.

What exactly does IFRS 1 involve?

IFRS 1 governs the first-time application of IFRS. This standard describes how a company makes the transition from a local reporting framework to IFRS. Opening balance sheets have to be prepared, differences analysed and specific exemptions and exceptions assessed. Good preparation prevents delays and unnecessary corrections after the fact.

My company currently reports under Dutch GAAP. When is a move to IFRS worthwhile?

A move to IFRS often comes up with international growth, foreign shareholders, an intended sale, a stock market listing or new financing needs. IFRS increases the comparability of financial information and often matches the information needs of international stakeholders better.

We already have a strong finance department. What is your added value then?

Many IFRS questions arise only occasionally, for example with acquisitions, complex financing, lease questions or the first application of new standards. Our specialists act as a sparring partner for CFOs, controllers and finance teams and provide specialist knowledge at the moments when it is needed. That way you strengthen your own organisation without having to bring in extra expertise permanently.

Do you also support us with specific IFRS questions?

Absolutely. We advise on IFRS 16 (leases), IFRS 15 (revenue recognition), business combinations, goodwill, impairment questions, consolidation, financial instruments and reporting questions around international group structures, among other things. In doing so we look not only at the technical treatment, but also at the impact on your business and your stakeholders.