IFRS
Russian accounting standards (RAS) differ significantly from International Financial Reporting Standards (IFRS). RAS do not have direct reference that the aim of financial accounting is also to present information on an organization which is useful for a wide range of users for economic decision-making. Tax concepts are dominant when preparation of reporting.
IFRS adoption is beneficial and important if the company is interested in:
- international markets entry;
- increase in business effectiveness;
- complete, sufficient and accurate information to make effective managerial decisions;
- attraction of foreign investments and credit resources;
- share (stock) quotation on international exchanges;
- entry into international holdings.
We perform the following services:
- preparation of financial statements in accordance with IFRS;
- transformation of financial statements prepared in accordance with RAS to IFRS;
- valuation of the company’s assets etc. for the purposes of IFRS;
- audit of financial statements prepared in accordance with IFRS.
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