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IFRS Assessment & Conversion

Global businesses need financial statements accepted around the world. If you need to convert GAAP statements to IFRS, or just want to explore what it would take, Weaver can help.

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More than 100 countries have adopted International Financial Reporting Standards (IFRS) either as originally issued by the International Accounting Standards Board (IASB) or as endorsed by a particular jurisdiction. Although the Securities and Exchange Commission (SEC) has not released a revised timeline for U.S. transition to IFRS, convergence is likely imminent. Joint projects are currently underway by the Financial Accounting Standards Board (FASB) and the IASB to release new accounting standards that are aligned with IFRS. Are you ready?

Let the assurance professionals at Weaver help you assess the impact of IFRS on key reporting areas with a pre-adoption assessment.

We can delineate the statements and captions affected in the conversion from U.S. generally accepted accounting principles, or GAAP, to IFRS. We also examine operational impacts on compensation plans, loan covenants and dividend policies, as well as bring stakeholders up to speed on any changes. Weaver’s assurance professionals are also experienced with audits of IFRS-based financial statements.

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