IFRS / US GAAP
We provide professional service to Companies with respect to IFRS/USGAAP from includes dealing with issues related to these GAAPs. In India we work under Indian Accounting Standards (Ind-AS), which are largely converged with IFRS.
Develop roadmap for the implementation
- Preliminary assessment and evaluation of financial accounting under GAAP
- Analyze impact of GAAP on the financial statements and accounting policies
- Observe the adjustment of GAAP for the transactions identified from the financials
- Analyse impact on functional and business processes and controls
Perform comprehensive conversion
- Preparation of GAAP financial statements as on the transition date
- Reconciliation between previous GAAP and current GAAP
- Convert to GAAP at the consolidated and/or standalone reporting level.
- Develop a judgment framework for documenting and resolving issues
