Conversions to IFRS or US-GAAP
Due to financial and legal requirements (e.g. the admission to the prime standard), statutory provisions (IAS-regulation and other laws) as well as the current market condition (e.g., financial crisis, requests from rating agencies, Basel III, etc.) more and more companies are preparing their financial statements in accordance with international standards (either IFRS or US-GAAP). We analyse the necessary measures to be taken within a potential conversion project and accompany the full conversion process from local GAAP to IFRS or US-GAAP. Where required, we adjust the current accounting process and train your staff members in the daily application of IFRS or US-GAAP.
Continuous accounting under IFRS and US-GAAP
Companies that already prepare their financial statements in accordance with IFRS or US-GAAP often do not have sufficient personnel capacities. Also, the collaboration with tax advisors and chartered accountants often turns out to be problematic since these advisors mainly focus on the commercial-law-based financial reporting and miss special knowledge of international accounting standards. We close that gap and our expert team supports you within the preparation of financial statements prepared under IFRS.
We provide you with expert opinions on accounting issues under discussion with auditors or supervisory bodies (e.g., the Financial Reporting Enforcement Panel (FREP), Federal Financial Supervisory Authority (BaFin), etc).