IFRS, US GAAP, and IND AS Advisory

The adoption of globally recognized accounting standards is crucial for businesses operating in an increasingly interconnected world. We offer comprehensive advisory services to help organizations transition to and maintain compliance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (US GAAP), and Indian Accounting Standards (IND AS).

IFRS Advisory Services

  • IFRS Implementation: Assistance with implementing IFRS, including understanding and applying the latest standards.
  • Financial Statement Preparation: Preparing financial statements in accordance with IFRS for accurate reporting and compliance.
  • Gap Analysis: Identifying gaps between current accounting policies and IFRS requirements and advising on bridging them.
  • Training and Workshops: Conducting training sessions for finance teams to ensure a smooth transition to IFRS.

IND AS Advisory Services

  • IND AS Transition: Supporting businesses in transitioning from legacy Indian GAAP to IND AS.
  • Financial Statement Conversion: Converting financial statements from Indian GAAP to IND AS for better comparability and compliance.
  • Impact Assessment: Evaluating the financial and operational impact of IND AS adoption on key metrics.
  • Audit Support: Assisting in audits to ensure compliance with IND AS requirements.

Industry-specific Expertise

Tailored advisory services for industries with unique reporting challenges, such as financial services, real estate, and manufacturing.

US GAAP Advisory Services

  • Transition to US GAAP: Support for companies transitioning from local accounting standards to US GAAP, ensuring seamless compliance.
  • Accounting and Reporting Assistance: Guidance on complex areas such as revenue recognition, leases, and stock-based compensation.
  • Financial Restatements: Assistance with restating financials to align with US GAAP for regulatory or investor requirements.
  • Regulatory Filings: Ensuring accurate and timely filing of financial reports with the SEC or other regulatory bodies.

Ongoing Compliance and Support

Post-implementation Support: Continuous support for businesses to stay updated with changes in IFRS, US GAAP, and IND AS.

Policy Development: Designing and implementing accounting policies that align with global standards.

Audit Preparedness: Helping organizations prepare for audits and regulatory inspections under these frameworks.

Get in touch

Office: 342, DLF Towers, Shivaji Marg, Moti Nagar, New Delhi, India 110015

P: +919871151600

E: vishesh@vgac.in

Open Hours: Monday to Saturday: 10am — 7pm