IFRS Reporting

IFRS reporting support examines transactions and disclosures under the IFRS framework relevant to the reporting entity or group package.

Business owners and finance teams improving recurring accounting, reporting or administration can use this service to clarify a particular issue. A useful starting question is: “Can Ind AS statements be treated as IFRS without review?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.

The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.

• Assess reporting basis and transaction issues.
• Prepare adjustment and disclosure schedules.
• Reconcile local accounts with group-reporting outputs.

Start with the records below where available. They help establish the facts before a more specific checklist is agreed.

• Trial balances.
• Transaction agreements.
• Group policies.
• Previous reports.

Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.

IFRS and Ind AS should not be treated as identical; differences may matter for a specific transaction or group requirement.

1. Define the question: assess reporting basis and transaction issues, using the available trial balances and the facts you provide.
2. Examine the evidence: prepare adjustment and disclosure schedules. Record unresolved information and the assumptions that affect the analysis.
3. Agree the action: reconcile local accounts with group-reporting outputs. Set the required deliverables, responsible owners and any follow-up or external dependency.

The proposal for IFRS Reporting sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of trial balances, transaction agreements, group policies and previous reports affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.

• Financial Reporting
• Financial Reporting Advisory
• Transaction Monitoring & STR Reporting Support
• AML Regulatory Reporting Service

Share a short summary of your IFRS Reporting requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.

• Request a IFRS Reporting consultation
• About BIATConsultant