The benefits of IFRS include enhanced comparability and improved transparency of financial reporting.
The benefits of IFRS include enhanced comparability and transparency of reporting.
A growing number of companies in Romania are adopting International Financial Reporting Standards (IFRS) as a basis of accounting or parallel reporting, on a voluntary basis or as a result of regulatory requirements. The benefits of IFRS include enhanced comparability and improved transparency of financial reporting.
We have wide experience in supporting IFRS implementation for companies in various economic sectors, including banks, insurance companies, investment funds, as well as companies in telecoms, oil and gas, real estate, and multiple other sectors. We cooperate with regulatory and supervisory authorities on development of new accounting regulations as a part of the convergence project of statutory accounting principles to IFRS.
Our IFRS specialists can assist your conversion to IFRS by providing the appropriate resources, knowledge and practical support in the following areas:
Accounting and reporting
Systems and processes