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Audit according to International Financial Reporting Standards (IFRS)
Audits according to International Financial Reporting Standards (IFRS) are challenging for a number of reasons: An accounting framework, which has been fundamentally amended over the past twenty years, partly very complex and extreme detailed notes disclosures and the ongoing development of major standards such as Financial Instruments (IFRS 9), Revenue Recognition (IFRS 15) and Leases (IFRS 16) require a high level of professional expertise and the ability to explain the new rules to our clients, in order to ensure that they are applied in full.
Where we excel – how you benefit
Our IFRS audits are carried out by an auditor familiar with IFRS onsite at the client's offices. This enables us to resolve recognition and measurement questions within the ongoing audit, so that target dates for completion of the audit can be met.
We assure the completeness of notes and disclosures by using checklists, and also benefit from discussions with members of Big-4 audit companies when consulting our clients in preparing IFRS consolidated financial statements.