IFRS and Ind AS Financial Reporting Services
IFRS & Ind AS Implementation and Advisory :
Support is provided to businesses in transitioning to IFRS and Ind AS by evaluating the current accounting framework, identifying applicable differences, and formulating a structured plan for implementation in accordance with regulatory requirements.
Preparation of IFRS & Ind AS Financial Statements :
Preparation of financial statements in accordance with IFRS and Ind AS, including balance sheets, profit and loss statements, cash flow statements, and related disclosures, ensuring compliance with applicable reporting standards.
Asset Impairment Testing & Fair Value Measurement
Conducting impairment testing of assets and goodwill in accordance with IFRS 36 and Ind AS 36 to ensure accurate valuation. Support is also provided for fair value measurement of financial and non-financial assets as per IFRS 13 and Ind AS 113.
Disclosure and Regulatory Compliance
Ensuring that financial statements are prepared in accordance with applicable disclosure requirements under IFRS and Ind AS, supporting accurate reporting and reducing the risk of non-compliance.
Support for Indian businesses in transitioning from Indian GAAP to Ind AS or aligning with IFRS, ensuring compliance with global financial reporting standards through a structured approach.
Training & Workshops on IFRS and Ind AS
Conducting training sessions and workshops for finance professionals, focusing on the principles, application, and compliance requirements of IFRS and Ind AS in accordance with applicable reporting standards.
Significance of Compliance with IFRS and Ind AS :-
With the increasing emphasis on transparency and consistency in financial reporting, compliance with International Financial Reporting Standards (IFRS) and Indian Accounting Standards (Ind AS) is essential to meet regulatory requirements and maintain reporting credibility. Services focus on supporting businesses in aligning their financial reporting practices with these standards.
Benefits of Adopting IFRS and Ind AS :-
- Improve transparency and comparability of financial statements across reporting periods and jurisdictions.
- Support investor confidence and facilitate access to global capital markets.
- Fulfill regulatory and statutory compliance obligations.
- Enhance financial decision-making through accurate and standardized report.
