Going global? Is your company prepared for the International Financial Reporting Standards (IFRS)? How, when and to what degree your company transitions from U.S. GAAP reporting to IFRS will depend on many strategic factors. As “business without borders” becomes the norm, the move towards a single set of high-quality, globally accepted accounting and financial reporting standards seems inevitable. We’re seeing the trend take hold now: IFRS adoption is already a requirement for many organizations that are subsidiaries of foreign parent companies.
Our Perkins IFRS team has longstanding executive-level experience in this vast and ever-evolving territory. Since 2007 we’ve worked with subsidiaries of multi-national companies on cross-border financial reporting assistance, including reporting under IFRS. With Perkins, you get a local resource with world-class experience.
We can help you with…
- Audit and tax services of IFRS reporting companies operating in the US or US subsidiaries operating abroad
- Preparing for and implementing IFRS standards
- Understanding the impacts of IFRS on your business
- IFRS training for your team
BDO IFRS Resource Center
Our alliance with BDO USA, LLP, the nation’s fifth largest accounting and consulting firm, puts global resources and expertise at your service, including the BDO IFRS Resource Center. This resource is designed to help companies keep current on the latest developments surrounding IFRS. Convergence is coming, so check the resource center often for the latest news and guidance.