Adopting IFRS

International Financial Reporting Standards (IFRS) are a response to the dynamically changing business realities. An increasing number of companies are choosing to change the accounting principles they have been using so as to ensure comparability of their presented financial information with other entities, not only within their country but also on the international stage.
We offer comprehensive support to companies in the process of adopting International Financial Reporting Standards (IFRS). Our team of experienced accountants and auditors will advise on the proper implementation of IFRS.
Our process

What our process looks like?

01

Identification of Differences

Analysis of discrepancies between Polish and international standards.

02

Development of Implementation Plan

Defining tasks, schedule and budget for the implementation project.

03

Employee Training

Training for finance and accounting staff on new standards and regulations.

04

Systems Adjustment

Update financial and accounting systems to comply with IFRS requirements.

05

Transformation of Reports

Conversion of existing reports to the required IFRS format.

06

Support in Preparation

Assist in the preparation of preliminary IFRS compliant financial statements.

Your benefits

We drive growth and achieve goals

Comparability of Reports

Ability to benchmark performance against competitors in international markets.

Transparency

IFRS provides investors with a transparent view of the company’s financial position.

Easier Access to Funding

Reporting in IFRS makes it easier to obtain financing from abroad.

Unified Principles within a Group

Consistent reporting standards across international groups.

Increased Company Credibility

Greater credibility in the eyes of investors and business partners.

Compliance with Requirements

IFRS is a prerequisite for listing on many foreign financial markets.

International Business Expansion

Płynniejsza ekspansja i rozwój biznesu na rynkach zagranicznych.

Arrange your free initial consultation today