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IFRS Advisory Services

IFRS standards are crucial in international financial reporting, increasingly adopted worldwide. They establish a universal framework for business transactions, enhancing the clarity and comprehensibility of company financial statements. These standards are regularly updated to ensure that they deliver pertinent and transparent information to users, driving significant transformations in how financial statements are prepared. Leveraging extensive expertise in financial reporting and industry insights, our professionals adeptly streamline and optimize accounting and financial reporting procedures.

At HLB Abu Dhabi, we provide comprehensive services tailored to support your transition to IFRS standards seamlessly. Our offerings include:

  • Facilitating the adoption and implementation of IFRS
  • Expert assistance with intricate standards such as IFRS 9 and IFRS 15
  • Conducting GAP analyses to identify areas for improvement
  • Performing impairment testing and modeling
  • Strengthening processes and controls for revenue recognition
  • Providing training and facilitating knowledge transfer
  • Developing and enhancing reporting manuals
  • Formulating sustainable strategies and plans
  • Guiding the revision of IFRS accounting policies to align with updated standards or new adoptions

We assure our clients of efficient project completion within set timelines, bolstered by our team’s expertise and authority. Our advisors stay current with the evolving landscape of international accounting standards, ensuring we offer informed guidance on navigating these transitions effectively.

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Thomas Koshy

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