IFRS Accounting Advisory

We support correct IFRS application: accounting policies, reporting, consolidation and disclosures—for compliance and transparency.

Definition

What does the service include?

IFRS advisory provides specialized support for implementing and applying International Financial Reporting Standards (IFRS) in accounting and financial reporting. We assist with IFRS transition projects (from local standards to IFRS) and with ongoing improvements: defining accounting policies, addressing complex transactions, preparing IFRS financial statements (separate or consolidated), and producing disclosures. We focus on practical delivery: perform a gap analysis, define the IFRS approach, adjust internal procedures, and support your team until reporting becomes consistent, auditable, and aligned with IFRS requirements.

  • IFRS gap analysis and transition plan (if needed)
  • Development/update of IFRS accounting policies and internal procedures
  • Support for recognition, measurement, and presentation of complex transactions
  • Preparation of IFRS financial statements and disclosures
  • Support for consolidation and IFRS adjustments (where applicable)
Target Audience

Who is it for?

This service is designed for companies that are required to report under IFRS (due to legal, group, or investor requirements), as well as those seeking to improve the transparency and comparability of their financial reporting.

Companies within international groups They need alignment with group accounting policies and standardized IFRS reporting.
Companies transitioning from local standards to IFRS They require a controlled transition, accurate adjustments, and complete documentation.
Companies with complex transactions Leases, financial instruments, business combinations, complex revenue arrangements, etc.
Management, shareholders, and investors They seek comparable, reliable, and internationally understandable financial reporting.

Benefits for the Client

IFRS compliance and audit readiness

Correct application and solid documentation

Clearer, more comparable reporting

Improved quality and comparability

Improved internal processes

Streamlined reporting and controls

Reduced error risk

Fewer incorrect treatments and costly adjustments

Our Work Steps

01

Initial assessment and objectives

Scope, requirements, timeline

02

Gap analysis and IFRS policies

Differences and accounting approach

03

Implementation and adjustments

Entries, procedures, team support

04

IFRS reporting and documentation

Statements, disclosures, audit package

You need ifrs advisory?

Contact the PrimAudit Company team for a personalized quote tailored to the volume and complexity of your business.