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IFRS: the international accounting language

The international financial reporting standards (IFRS) have rapidly become internationally accepted accounting standards. By now, IFRS is recommended and has become statutory in more than 100 countries. In Europe, compliance with IRFS was introduced for listed companies IFRS in 2005. Under Dutch law, non-listed companies may also prepare their financial statements under IFRS.  As a result, IFRS is by now completely integrated into the system of Dutch financial reporting, also called Dutch GAAP (generally accepted accounting principles).

IFRSs and NL GAAP — Highlighting the key differences

This fifth edition of ‘IFRSs and NL GAAP — Highlighting the key differences’ provides a summary of key differences between the requirements of IFRSs compared to NL GAAP. This publication does not attempt to capture all of the differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.

Download de presentatie Download IFRSs and NL GAAP – Highlighting the key differences.

Deloitte's integrated approach

Deloitte has expertise in specific IFRS areas. Our firm has an integrated approach to different areas of knowledge by different Deloitte professionals in this country and abroad.

Examples where the application of IFRS is important are mergers and acquisitions (IFRS 3), financial instruments and clarification of risks (IAS 39) (FRS 7), pensions (IAS 19), valuation of intangibles and impairment tests (IAS 36/38).

In these consultancy areas, our accountants, financial advisors, valuation specialists, and actuaries cooperate closely (if necessary), not only in the Netherlands but also in other countries. This is what makes Deloitte unique.

Topics to read

The application of IFRS is a complicated and time consuming process. Ongoing publication of new standards by the regulator makes the process even more demanding. Read more. Further reading:

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Additional Deloitte services

Together with professionals in other countries, Deloitte provides learning opportunities to support you with the application of IFRS in your organisation. First we would like to introduce you to the IFRS courses offered by the Deloitte academy. Under the guidance of professor doctor Ralph ter Hoeven, top specialists inform you on IFRS.  Click here for the current programme (only in Dutch).

We offer:

  • A unique online course on all IAS and IFRS standards free of charge
  • Daily news on financial reporting worldwide
  • Summaries of all standards, interpretations and proposals IFRS in your pocket 2011
  • Many publications on IFRS that can be download free of charge
  • Model financial statements according to IFRS
  • An electronic library with hundreds of IFRS sources

Do you have a question or do you wish to consult one of our specialists? Do not hesitate to contact us. We will gladly advise you.

Read more

  • IFRSs in your pocket 2011
    This edition includes background information on the structure and workings of the IASB; analysis of the use of IFRSs around the world; summaries of all current Standards and Interpretations; and up-to-date details of the IASB and IFRIC projects (pdf).
  • IAS 19 Employee Benefits
    A closer look at the amendments made by IAS 19R (pdf)


Ralph ter Hoeven
Tel: +31 (0)88 288 10 80

Dingeman Manschot
Tel: +31 (0)88 288 29 13

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