The IFRS standards are the most widespread international reporting standards. Companies listed on EU stock exchanges are required to prepare their consolidated financial statements based on IFRS. Unlisted Dutch companies can opt to apply IFRS.

BDO is your partner for International Financial Reporting Standards (IFRS) - from adoption and conversion to interpretation.

Every business faces a financial reporting or accounting issue at some point when preparing their financial reports. In these situations, expert advice underpinned by an in-depth understanding of IFRS adds value.

IFRS standards are developed and updated continuously, which can be a challenge for companies. BDO keeps pace with the changes for you and helps you safeguard compliance of your financial reporting. As a member of the Global Public Policy Committee and via our extensive global network, BDO is at the forefront of IFRS reporting and implementation. Our service offering in each technical area includes:

First-time adoption of IFRS
Audit of financial statements
Audit of reporting packages
Subject-matter expertise to support your regular annual or interim financial statements
Preparation of the entire or sections of the financial statements (not allowed for audit clients)
Development of group reporting guidelines and report structures
Support with interpretation and practical implementation of specific IFRS issues and preparation of position papers
Purchase price allocation (PPA), fair value measurement and impairment testing by us as an independent third party
Expert opinions and second opinions
Training

Take a look at our global IFRS website – here you will find a number of interesting and up-to-date articles on IFRS