Applying IFRS
- Transformation of financial reporting from NAS to IFRS
- Preparation of accounting policy with IFRS
- Preparation of premises for financial reporting with IFRS
- Consultations regarding application of IFRS
*The service is provided in the absence of a conflict of interest. Services are not provided to audit clients of AUDIT INVEST, including audit clients of member firms of the AUDIT INVESTnetwork.
Result
- Transformation table, list of applied transformation adjustments
- Financial reporting according to IFRS
- Provisions on the Company’s Accounting Policy
- Notes to financial statements according to IFRS
Benefits for you:
- A team of certified auditors of the national company AUDIT INVEST with 20 years of experience and impeccable reputation will be working for you.
- Proof of the accuracy and completeness of the company’s accounting (financial) statements and/or completeness of the consolidated financial statements;
- Reducing the risk of making wrong decisions based on unverified or inaccurate information contained in financial statements;
- Increasing confidence in business on the part of creditors, investors, partners.
- Reduced risk of claims from tax authorities and other regulators;
- Identification of hidden reserves of the company
More information
Preparation of financial statements and consolidated financial statements according to international standards is provided for in Part 2, Clause 121 of the Law of Ukraine “On Accounting and Financial
Reporting in Ukraine” as of 16.07.1999, No. 996-XIV.
Mandatory preparation of financial statements and consolidated financial statements according to international standards is defined for the following categories of enterprises:
- enterprises that are of public interest
This category includes companies that are issuers of securities admitted to stock exchange trading, banks, insurers, non-state pension funds, other financial institutions (except for other financial institutions and non-state pension funds belonging to micro-enterprises and small enterprises) and enterprises, which belong to large enterprises. - public joint stock companies
- enterprises engaged in the extraction of minerals of national significance
This category includes enterprises that carry out geological study activities including research and industrial development, mineral deposits of national importance and/or extraction of minerals of national importance, and/or performance of works (performance of activities) provided for production distribution agreement regarding minerals of national importance, and/or transportation by pipelines. - enterprises that conduct specified economic activity determined by the Cabinet of Ministers.
In accordance with clause 2 of the Procedure for submitting financial statements approved by the Resolution of the CMU as of 28.02.2000 No. 419, such enterprises include enterprises that conduct the following types of economic activity:- provision of financial services, except for insurance and pension provision (section 64 CTEA SC 009:2010)
- non-government pension provision (group 65.3 CTEA SC 009:2010)
- support activities in the fields of financial services and insurance (section 66 CTEA SC 009:2010) except for support activities in the field of insurance and pension provision (group 66.2 CTEA SC 009:2010)
