Compilation of IFRS and US GAAP financial statements

Financial Statements: What's Right for Your Business?

Every business needs reliable information on its financial performance – but different types of businesses require different types of financial statements, prepared under various regimes. Examples include consolidated financial statements prepared in accordance with International Financial Reporting Standards, reporting package prepared for a U.S. Parent under US Generally Agreed Accounting Principles. Another requirement may be to present your statutory financial statements within ten days after the year end.

The choice of a reporting method depends on a number of factors:

Do you need to report under IFRS or foreign accounting regimes (e.g. U.S. GAAP)?

What degree of independent scrutiny of the statements do outside users require? Are these statements subject to audit?

How comfortable are management and owners with the accuracy of internally prepared financial statements?

Depending on your answers to the above questions, you may consider Moore Stephens’s assistance with compilation and consolidation. Whatever you decide, we have your needs covered: