First Introduction IFRS
In the absence of any experience in preparation or IFRS or US GAAP based financial statements and in the condition of short deadline, an optimal solution is to engage an experienced consultant. There are no two identical companies - therefore there cannot be a universal procedure of adjustment of financial statements. This is especially important when introducing IFRS and US GAAP requirements for the first time.
Thornton Springer Audit Practice in Russia will develop a methodological base, regulatory documentation for preparation of the first IFRS or US GAAP based financial statement, procedures of consolidation and adjustment of financial statements in accordance with IFRS or US GAAP requirements. Thornton Springer Audit Practice in Russia will use a tailored training program with due account of you company specifics to train your employees how to properly draft IFRS or US GAAP based financial statements.