IFRS

Companies in over 100 countries around the world use International Financial Reporting Standards (IFRS) to prepare their financial statements. With many more countries in the process of IFRS transition (such as Brazil, Canada and India), the importance of these global accounting rules is growing all the time.

Grant Thornton member firms are committed to high quality, consistent application of IFRS and helping our clients in the IFRS conversion process and in subsequent compliance and reporting. Our investment in IFRS expertise includes a global IFRS team supported and advised by specialists from our member firms worldwide.

As part of our commitment we also make available (free of charge) a range of high quality IFRS tools and resources, including:

• IFRS News - a quarterly update summarising recent developments in IFRS and offering insights into how these will affect you
• example financial statements - examples of good practice in meeting the extensive presentation and disclosure requirements of IFRS
• technical guides - guidance on the application of some of the more challenging aspects of IFRS with a focus on practical advice timed to coincide with the implementation dates of newer requirements.

Examples of our publications can be viewed here. For more information on IFRS and how we can help you, and for access to other IFRS related publications, please talk to your local Grant Thornton contact.