International Financial Reporting Standards ("IFRS") became effective since 1 January 2005 for all listed companies in Europe. Furthermore, there is a trend of convergence of IFRS with local Generally Accepted Accounting Principles ("GAAP") in many countries.
Preparation of accounts in accordance with IFRS will enhance the transparency, credibility and comparability of the financial statements. As a result, it should result in easier access to capital markets, higher credit ratings and corporate reputation, etc.
Our experienced professionals can assist you in preparing financial statements by sorting out the differences between the PRC GAAP and IFRS and then propose GAAP adjustments on statutory accounts.