IFRS Readiness and Conversion Solutions

Competing effectively in global markets requires knowledge of culture, customs and countless ‘new rules’ of doing business.  For public company CFOs, staying competitive also means quality and integrity in financial reporting and in communication with potential investors, shareholders, and regulators.  Demand for adoption of internationally accepted and principles-based standards for communicating corporate financial health has hit critical mass.  The trend toward adopting IFRS in the U.S. and abroad is irreversible. Do you want to learn more about IFRS vs. GAAP?

MorganFranklin helps clients build strategies and transition plans to aid in a smooth, value-based conversion to IFRS. We provide comprehensive solutions to companies seeking to make the most out of their investment in IFRS.  Since conversion is an enterprise initiative we go beyond pure accounting expertise.  Our IFRS conversion teams can include experts in process improvement, systems implementation, risk and control, business intelligence and project management. 

Our IFRS services include:

• Analysis of IFRS pronouncements and their impact on reported results;
• Costs/benefit analysis and business case development of transition to IFRS;
• Gap Analysis to determine level of effort, budget requirements, timelines and expected impact on people, process and technology;
• Communication strategies to educate investors and other stakeholders on how IFRS impacts your financial reporting;
• Management and staff training;
• Identification of performance improvement opportunities including the centralization of accounting functions across business units; and
• Internal control evaluation and documentation to maintain SOX compliance.