IFRS is rapidly gaining acceptance globally, spurring companies throughout the world to assess the potential implications and benefits of adopting these standards. Implementing IFRS can have an impact on almost all aspects of a company, including financial reporting systems, internal controls, taxes, treasury, management compensation, cash management, and legal, among others.
While implementation of high-quality financial reporting standards is challenging, when planned and managed properly, the conversion can bring substantial improvements in the performance of the finance function, streamline the statutory financial reporting process globally, enhance controls, and reduce costs, as it affords:
How can Deloitte GIOS help?
Learn more about the type of services Deloitte member firm GIOS professionals can provide to tailor your needs.