International accounting

High significance of IFRS for cross-border companies

Mandatory for the purposes of group accounting for publicly traded companies based in the EU, the importance of International Financial Reporting Standards (IFRS), particularly for companies and groups of companies operating across borders that are not publicly traded, has steadily increased in recent years. 

IFRS creates transparency for stakeholders

The reason: stakeholders, investors, banks, customers and suppliers who operate internationally are increasingly demanding comparable financial statements. With IFRS, companies have the opportunity to speak a standardised language in their financial reporting across borders.  

The IFRS are also very dynamic. In particular, the constant changes to IFRS, such as the recent IFRS 9, IFRS 15 and IFRS 16, as well as the abundance and complexity of the regulations, constantly present companies that prepare their accounts in accordance with IFRS with new challenges. For companies already applying IFRS or considering a changeover, access to up-to-date expert knowledge and timely advice is essential.

Customised IFRS solutions

Together with our experts in the PKF network, we offer you customised IFRS solutions from the transition to ongoing support for all relevant issues and help you to maintain an overview of IFRS. The aim of our integrated consulting approach is to work with you to develop the optimum solution for you, taking into account your individual situation, requirements and legal form.

Your added value

Utilise the globally standardised language of IFRS for your team and your goals, while at the same time achieving cost and time efficiency.