For large entities – conversion to IFRS
In the age of globalization of business transactions and because of increasing possibilities of obtaining external financing abroad, many large companies face the need to present their financial statements to foreign investors, creditors or business partners. International Standards of Financial Reporting (IFRS) is a universal set of accounting principles allowing smooth cross border exchange of financial information. Upon IPO of a group it becomes obligatory for a parent company in Poland to adopt IFRS. Often adoption of those standards by all group companies is also expected by a parent.
We will efficiently guide you through the process of conversion from currently applied principles to IFRS. Not only will we identify areas requiring different accounting treatment but also suggest detailed solutions considering accounting, IT and process perspective.