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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.
Want to know more?
Do you want to know more about IFRS? Please contact Dingeman Manschot by e-mail or by telephone (+31 (0)88 277 10 70) or Inge van Sloun by e-mail or by telephone (+31 (0)88 277 17 63). They will be happy to help you.
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Inge van Sloun Director Professional Practice
Beyond the GAAP no. 176 - 2023
Less than six months after launching the standard-setting project, the International Accounting Standards Board (IASB) seems well on the way to finalising the amendments to IAS 12 – Income Taxes that will introduce a temporary exception to the recognition of deferred taxes resulting from the implementation of the OECD Pillar Two rules. The IASB acknowledged the timely and helpful feedback from stakeholders on its proposed amendments and, at the end of a supplementary meeting dedicated to the project, finally elected to simplify the disclosure requirements compared with its initial proposal. This was arguably the most practical solution to ensure rapid finalisation of the amendments, which was important to all stakeholders.