As of 1 January 2019, ‘IFRS 16 Leases’ became effective and all IFRS preparers are mandatorily...
Financial reporting in accordance with IFRS
The International Financial Reporting Standards (IFRS) are constantly under development. Complying with the standards, following the latest developments and analysing their possible impact can be an enormous challenge. Are you looking for expertise to help you with this? If so, you have found the right people at Mazars.
Periodic conversions, support and advice
Do you regularly have financial statements that need to comply with the IFRS? Or do you require incidental support, for example working out an acquisition (making the case internally and providing the notes for the annual financial statements), conducting impairment analyses or implementing lease or revenue recognition matters? The experienced specialists at Mazars will help you with periodic conversions and resolving incidental issues. They will also provide support and advice on:
- Complete (or partial) transitions to IFRS
- Applying amended or new IFRS standards
- Applying the IFRS standards in complex transactions (such as acquisitions, consolidation entities and pension schemes)
- Ensuring that annual financial statements or other reports (for example for group purposes) comply with the IFRS standards
- Second opinions
- IFRS reports for SMEs (unlisted small and medium-sized enterprises)
- Providing in-house IFRS training
Information about the latest developments
Our specialists are directly involved in further developing the IFRS standards: to this end they are seconded to the IASB (International Accounting Standards Board). We therefore always incorporate information about the latest developments in our activities. Alongside thorough knowledge of the Dutch rules and the IFRS standards, the specialists at Mazars also have extensive knowledge and experience in the field of US GAAP, UK GAAP and other international reporting rules structures.
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Beyond the GAAP - July / August 2020
Unsurprisingly, the financial statements at 30 June 2020 that have been published to date reflect the significant impact of the COVID-19 crisis on companies’ financial positions. Given that the outlook for the second half of 2020 is still uncertain in many cases, issuers in particular will (unfortunately) need to draw once again on the guidance from standard-setters, regulators and the accounting profession issued to deal with the consequences of the crisis on the financial information.