IFRS Implementation Service

Our team of consultants have extensive experience dealing with client staff with different accounting backgrounds. No matter how small or unskilled your team is, our team of experienced consultants are capable of maintaining very effective communications with your team which will in return significantly make it easier for them to understand the applicable IFRS requirements and the actions they should take.

IFRS is a very comprehensive financial reporting framework. Its provisions will affect all of your accounting and financial reporting process. Implementing the appropriate IFRS treatments correctly over incorrect input will still produce unacceptable outcomes as those outcomes will not be faithfully representative of the financial transactions that occurred. Faithful representation is a very key fundamental characteristic of useful financial information under the conceptual framework of IASB which is part of IFRS. Therefore, for our IFRS advisory services to help you work towards an unmodified audit report, we can discuss your situation to get back to you with the most cost-efficient service offer that will help you achieve your goal. We’ll have to learn more about your relevant input processes.

Depending on the nature and extent of our advisory services and which of our team members we’ll have used in the provision such services, we’ll use our professional judgment to decide whether providing a financial statement audit service to you will constitute a breach of the provisions of the International Code of Ethics for Professional Accountants (“the Code”). Al-Sharid does comply with the International Code of Ethics for Professional Accountants. Therefore, we always decide to avoid threats to compliance with the fundamental principles of the Code such as the self-review threat as defined in the 120.6 A3 paragraph of the code. Therefore, kindly give us a call so we can discuss your situation.