IFRS Services

International Financial Reporting Standards (IFRS) have been evolving into a global benchmark. A multitude of countries have already adopted IFRS into their local regulations and many more are in the process of converging with IFRS. The implementation of IFRS in the United States is still ongoing and its convergence with IFRS will ultimately result in significant changes in the global financial reporting world.

For most companies, keeping focused on core business objectives while ensuring compliance with evolving financial reporting requirements in both local and international platforms are seen as enormous challenges. Alter Domus understands these challenges. We are an experienced and reliable business partner that our clients can look to when then need assistance dealing with the complexities and burden of IFRS requirements.

Alter Domus’ internal pool of IFRS experts has extensive knowledge and excellent technical skills in the field. We stay abreast of changes in the regulatory environment and we are experts in many GAAPs, including UK GAAP, US GAAP, and other local GAAPs related to jurisdictions in which we are located. Many of our professionals have an extensive experience solving complex IFRS issues across many types of structures.

At Alter Domus, we believe that trust is what cements a business relationship. We are committed to maintaining this relationship through advanced technology that allows full transparency among other important assets. Our clients’ needs influence how we conduct our business. Alter Domus creates tailor-made solutions depending on our clients’ specific IFRS requirements and defined priorities.

Alter Domus provides the following IFRS services to companies and organizations:

  • Conversion of local GAAP accounts to IFRS, including assistance in first time adoption of IFRS (converging from local GAAP into IFRS)
  • Providing analysis of the convergence to IFRS
  • Quantification of the impact and solutions for the implementation
  • Assistance to the preparation of IFRS accounting manual
  • Review and preparation of IFRS-compliant accounting policies, pro-forma financial statements and disclosure formats, including assistance with selection of IFRS accounting policies with respect to making decisions between allowed alternative treatments
  • Preparation of IFRS financial statements
  • Assistance to clients in handling IFRS matters with auditors
  • Assistance in technical transactions (i.e. business combinations, mergers and acquisitions, interpretation and implementation of new IFRS standards, IPOs, etc.)
  • Providing outsourced IFRS services to clients
  • Conducting IFRS trainings to external client staff

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