International Financial Reporting Standards | KPMG | VN

International Financial Reporting Standards

International Financial Reporting Standards

IFRS financial statements are generally accepted by users in a large number of countries around the world.

IFRS financial statements are generally accepted by users in a large number of countries.

Growing numbers of companies and organisations in Vietnam are adopting International Financial Reporting Standards (IFRS). The benefits of IFRS include enhanced comparability and improved transparency of financial reporting. IFRS financial statements are generally accepted by users in a large number of countries around the world. These are an absolute requirement to gain access to international capital market. 

KPMG has been assisting clients both in Vietnam and internationally implement and interpret these standards.

How we can help

KPMG is working with organisations around the world to help them deal with complex questions arising from the adoption of IFRS, such as:

  • How will IFRS affect reported business performance and how will the consequences of this change be communicated effectively, both internally and to the external market?
  • What are the potential benefits of adopting IFRS, and how can they be realised?
  • What experience and resources will be required for a successful IFRS conversion?
  • How should organisations manage the conversion to IFRS?

KPMG is helping organisations adopt IFRS, providing practical support to smooth the transition.

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