IFRS Implementation Support

As per Federal degree law no (32) of 2021 on Commercial Companies and under the provisions of various other legislations, the International Accounting Practices and Standards shall be applied by the entities upon preparing their periodical and annual accounts and determining the dividends.

Implementing IFRS has an impact on all aspects of an entity, including financial reporting systems, internal controls, taxes, treasury, management compensation, and cash management. It requires a transformation that involves employees, processes, and systems.

Our expert accounting support teams will provide you with the support needed to establish an accounting system that is aligned with your requirements including the adoption of the appropriate accounting standards and the preparation of IFRS-compliant financial statements. The team will assist you with technical support on matters such as revenue recognition policies, implementation of new standards, and ensuring a smooth audit for your external auditors.