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Nexia Ebner Stolz

Auditing

International Financial Reporting

For many com­pa­nies, fi­nan­cial re­por­ting ba­sed on in­ter­na­tio­nal stan­dards is a le­gal ob­li­ga­tion; for others, it’s a way to at­tract new in­ves­tors.

In the EU, pu­bli­cly tra­ded cor­po­rate groups are re­qui­red to pre­pare their con­so­li­da­ted fi­nan­cial state­ments un­der IFRSs (In­ter­na­tio­nal Fi­nan­cial Re­por­ting Stan­dards). Other cor­po­ra­ti­ons may be re­qui­red to re­port un­der US GAAP. But even when com­pa­nies are not re­qui­red to use in­ter­na­tio­nal re­por­ting stan­dards, there may still be an ad­van­tage in doing so, be­cause the fo­cus in re­por­ting un­der IFRS or US GAAP is on pre­sen­ting a com­pany’s or group’s earnings pic­ture from the in­ves­tor’s per­spec­tive. Re­por­ting un­der the Ger­man Com­mer­cial Code, on the other hand, is con­cei­ved first and fo­re­most in terms of pro­tec­ting cre­di­tors – which may be an im­pe­di­ment if you’ve set your course for growth and in­ter­na­tio­na­liza­tion.

If you’re not al­re­ady re­qui­red to re­port un­der IFRSs or US GAAP, or ha­ven’t made the change yet, we can talk with you about the spe­ci­fic ad­van­ta­ges and di­sad­van­ta­ges of swit­ching, and can work out an ef­fi­ci­ent, prac­tical course of im­ple­men­ta­tion. Then we’ll see you th­rough to its com­ple­tion, with skil­led ad­vice and a part­ner’s sup­port.

Our services at a glance

  • Au­diting and pre­pa­ring fi­nan­cial state­ments un­der IFRSs and US GAAP.
  • As­sis­tance with chan­ging from na­tio­nal to in­ter­na­tio­nal re­por­ting stan­dards
  • In-house trai­ning and work­shops on the fun­da­men­tals of in­ter­na­tio­nal fi­nan­cial re­por­ting and on is­sues spe­ci­fic to your com­pany
  • As­sis­tance with com­plex ac­coun­ting is­sues in in­ter­na­tio­nal re­por­ting, such as
    • Purchase price al­lo­ca­tion (PPA)
    • Im­pair­ment tests
    • Lease tran­sac­tions
    • De­ri­va­ti­ves
    • De­fer­red ta­xes


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