International Financial Reporting Standards Conversion Consulting

Conversion of US GAAP Financial Statements to IFRS

International reporting transformation support

US GAAP to IFRS Conversion Services

Businesses seeking to expand internationally and those seeking new foreign investors are often asked to convert their US GAAP financials to International Financial Reporting Standards (IFRS).  Over 100 Countries now use IFRS.  AAFCPAs’ Commercial Assurance practice has in-depth experience in IFRS and provides solutions on various aspects of the conversion process.

Converting US GAAP to IFRS is a significant transformational event for a company, and often requires the involvement of cross-functional teams to design the most efficient conversion process, including both finance executives and operational professionals.  AAFCPAs designs and executes conversion projects to fit the skill level and availability of our clients’ in-house team.

End-to-end global reporting support

IFRS Conversion & Reporting Solutions

AAFCPAs has 50+ years of proven experience serving global companies. We have earned a stellar reputation serving US companies entering global markets and making an immediate, positive impact. We work seamlessly with our overseas affiliates and our internationally-based clients’ local advisors to balance our clients’ U.S. tax, regulatory and operations considerations to optimize their global growth strategies.

Identification of accounting and reporting differences

Application of IFRS 1, first-time adoption of IFRS

Audits of IFRS financial statements

Assistance with writing accounting policies compliant with IFRS

Assistance with the quantification of changes in your financial statements

Assistance with drafting IFRS compliant footnotes

Assistance with drafting new controls for the conversion and on-going compliance with IFRS

Training and technical assistance to prepare and support your team in making and sustaining the organizational change

Assessment of IT systems, process, and business impacts, and required changes

Assistance to your team in managing the challenges of recordkeeping in more than one standard of accounting

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Every situation is unique. We look forward to speaking with you to determine how we may best solve your needs.