IFRS (International Financial Reporting Standards)

Nowadays more and more Russian companies switch to production of financial statements in accordance with IFRS. Those are primarily the companies focused on public financing markets or attraction of investments from international financial agencies. In addition, the popularity of international corporate management standards in Russia and generally growing FDI and foreign capital inflow in the developing Russian economy contribute to the IFRS expansion.

BDO in Russia has an extensive track record of audits of financial statements prepared in accordance with IFRS. Furthermore we are solving complex problems of our clients pertaining to transition to IFRS. The Group?s professionals ensure collection of the required financial and economic information and data, implement report production techniques and develop accounting policies which are in line with the international standards. As result, our client is able to develop an optimized financial reporting and statement production process in full compliance with generally accepted international practices and to react promptly to both the current changes in IFRS application and its business development patterns.

Our core IFRS-related services:

• Audit of financial statements produced in accordance with IFRS;
• Restatement of financial statements;
• Consulting and methodology support;
• Staff training on IFRS application theory and practice;
• Introduction of IT-supported IFRS according.