Finance Transformation: International Financial Reporting Standards (IFRS)
About > Our Services > International Financial Reporting Standards (IFRS)
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.