Success also means having to navigate more rules and regulations.
New regulations – new requirements for accounting
Whether it be through growth, market listing, acquisition by a larger company or joining an international group, new accounting requirements will inevitably arise for your business. Transitioning to a new accounting standard such as IFRS® Accounting Standards (IFRS) implies following many new and complex regulations. Your business may not yet have the necessary expertise to manage the new frameworks, and it's likely that other challenges will arise throughout the transition. BDO’s experts can provide the essential support you need to navigate this process successfully.
Which frameworks are relevant? Some examples
- Transitioning from K2 to K3. For companies that have grown or that are approaching a growth phase.
- IFRS. International accounting standard for listed companies and those in a group where IFRS is applied.
- US GAAP. Companies reporting to American owners or that are part of a group where US GAAP is applied.
All the way to a complete report
We support conversion projects, such as transitions to K3 or IFRS, and offer assistance at every stage. You decide which phases you'd like our support in, and to what extent:
- Phase 1. Feasibility study – a comprehensive analysis to identify which areas of the financial statement need to be update, and how it can be done.
- Phase 2. Detailed analysis – quantifying of the affected areas in the statement.
- Phase 3. Assistance in the preparation of the statement.