Finance Transformation: International Financial Reporting Standards (IFRS)

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International Financial Reporting Standards

Several years ago, the thought of International Financial Reporting Standards (IFRS) was only a distant possibility. Today, the reality is far different. We are experiencing a dramatic shift that is fast making IFRS the most widely accepted accounting model in the world.

As the business environment continues to become increasingly global, the need for consistent world-wide reporting standards intensifies. IFRS addresses this issue through its goal of creating comparable, reliable, and transparent financial statements that facilitate greater cross-border capital raising and trade. With the updated conversion timeline, it has now become imperative to understand the implications of adopting IFRS.

At GarryMichael we have assisted a diverse range of clients in updating their systems and processes to enable the efficient conversion to new accounting and reporting regulations.

Our team of experts can help you with:

  • Project Management
  • Initial and on-going training
  • Financial Statement Review and Diagnostic Analysis
  • Appropriately modifying processes and systems

As you go through the process of choosing a provider for IFRS conversion support, consider GarryMichael as your partner firm and we will be there to give you the support you need.

Contact our IFRS experts to learn more.