IFRS CONSULTING AND ADVICE
For the provision of the service, we will be in permanent and continuous contact with the personnel of the Company that is designated for the project. The Consulting Team is made up of people trained and experienced in IFRS issues. The activities will be carried out directly at the offices of the Company and / or where the Administration deems it necessary.
The service includes the following scope:
- Assist the Administration in the planning of the conversion process of the company’s financial statements.
- Carry out a diagnosis in order to determine the differences in measurement and presentation of the financial statement figures. Likewise, we will support the Administration in determining and choosing the best standards applicable to the company, supporting through technical memoranda, checklists, spreadsheets, and suggested financial statement models for the application of IFRS, as a basis for the preparation of its financial statements.
- Develop together with the administration, a detailed implementation schedule, including the activities and the estimated time for their development.
- Design and execute detailed training according to the needs of the Company. These trainings will not only be lectures, but will be accompanied by practical exercises with real situations of the company.
- Present to senior management, the accounting policy choice options available.
- Assist management in the preparation of the required reports.
- Report the changes in accounting standards that are presented in IFRS standards, with the aim of measuring the impact that they could have on the Company’s financial statements.
- Assist in the technical analysis of the corresponding adjustments made in each period.
- Provide technical accounting support in the prior analysis of the different transactions or operations that the Company plans, advances or defines, making subsequent monitoring of the effects that they could have on the financial statements under IFRS.
- Develop a schedule of activities for the entire project, agree and coordinate it with Management, and monitor compliance.
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