The increasing complexity of financial reporting and the rapid pace of change has led to a significant increase in demand for expert accounting advice.
The financial reporting challenge is driven by developments in International Financial Reporting Standards (IFRS), with significant changes across many areas. Key topics in the pipeline include financial instruments, revenue recognition, leasing and insurance with the IASB currently considering its future direction and strategy.
Irish Generally Accepted Accounting Practice (GAAP) is also subject to proposals for a comprehensive restructuring from 2015, based on IFRS for SMEs, which will change the financial reporting model across the spectrum of Irish entities.
The need for financial reporting advice is often driven by wider concerns, such as mergers and acquisitions, IPOs, significant system changes and new products or business strategies. A troubled economic environment also heightens the scale of certain challenges, including asset valuations, impairment reviews and going concern considerations. Working as part of a multi-disciplinary team, we can provide seamless project support, incorporating financial reporting and advisory solutions to our clients.
The Deloitte focus is on providing technical accounting and financial reporting advice to our clients that is practical and commercially astute.
Recent financial reporting briefs and articles
Please visit our Hot topics page for the most recent editions of our Financial reporting brief and our latest Financial Reporting themed articles.
Please do not hesitate to contact a member of our Audit team with any queries you might have.