International Financial Reporting Standards (IFRS)
The Drive to a Global Economy
Today, International Financial Reporting Standards (IFRS) are used as the primary accounting framework, or are in the process of being adopted, in more than 100 countries globally. The U.S. Securities and Exchange Commission (SEC) has proposed a roadmap for the adoption of IFRS by public companies in the U.S., and the Financial Accounting Standards Board (FASB), the accounting standard setting body in the U.S., is working toward converging U.S. Generally Accepted Accounting Principles (GAAP) with IFRS.
The adoption of IFRS will lead to significant changes in many organizations. Dixon Hughes Goodman understands the impact of IFRS. In addition to the in-house resources provided by our professionals, our membership in Praxity, AISBL provides us with access to professionals throughout the world who have experience with IFRS.
IFRS has the potential to impact many areas in an organization such as: information systems, vendor contracts, tax reporting, compensation arrangements and benefit plans.
Our Service Offerings
Our professionals will work closely with you to create customized solutions to meet your needs.
- IFRS Financial Statement Audit
- IFRS Impact Assessments
- IFRS Implementation Planning
- IFRS Technical Support
- IFRS Transitional Phase Assistance