Based on key information agreed in advance and made available to us, we provide IFRS-compliant quarterly and annual financial statements with a full audit trail. We help you efficiently and effectively prepare for the year-end by providing guidance, support, and models. We can partner with you to answer all IFRS-related questions and act as an independent liaison between you and your auditors on IFRS positions, decisions, and working papers. We help clients organize their audit binders to ensure a seamless and cost-effective audit process.
AMA IFRS Desk’s scope of services includes:
- Conducting detailed IFRS impact assessments
- Preparing IFRS-compliant financial statements using advanced techniques to gather and analyze input data
- Helping companies understand the implications of accounting changes and the challenges that the adoption of new reporting standards brings to their business
- Assisting first-time adopters in implementing IFRS
- Providing advice and recommendations on IFRS accounting policy choices
- Documenting accounting policies
- Preparing IFRS accounting policies manuals
- Regularly updating on changes to IFRS
- Providing technical guidance on how specific transactions must be considered
- Designing group reporting packages to gather information from subsidiaries
- Assisting in performing impairment testing
- Reviewing impairment tests prepared in-house by management
- Assisting in completing IFRS reconciliations (i.e., Local GAAP to IFRS)
- Organizing customized training
Our IFRS desk teams are comprised of highly experienced professionals recognized in the financial services industry. Our team brings strong and varied professional experience to address the issues under IFRS and local GAAP that affect your business and transactions.
IFRS CHANGE – IFRS 9, IFRS 15, IFRS 16
How we can help
Transition to new financial reporting standards provides a real opportunity to refresh, renew and enhance your processes through adopting the standard. We can help you grasp the opportunity to improve as well as comply. With our wide local and network experience, we can help you:
- Get organized. Provide insights of the impacts across your industry along with tools and techniques to help you get started with implementation
- Understand the impact. An initial high level impact review, followed by a detailed diagnostic to determine how the standard affects your financial picture, your investors, and the way you do business
- Transition and sustain. Develop an approach and action plan that covers all aspects of your project from inception to transition, and establish a robust governance structure with agreed project and change management protocol
Contact us to learn more about how we can help you ensure your financial reporting will be compliant with the new standards – and manage your business and process transformation in an efficient and measured way.
IFRS 18 and IFRS 19 IN A POCKET; STREAMLINE IMPLEMETATION FOR SUCCESS
Are you looking for an “out of the box” solution for your IFRS 18 and IFRS 19 implementation project?
At AMA, we have used the collective experience of several projects to create a one-stop-shop solution.
