IFRS Conversion

Breakwater has developed a robust approach for managing the IFRS diagnostic and documentation phases of an IFRS conversion initiative. The first two phases in any IFRS conversion project define the overall scope and constitute the majority of the work necessary to meet the IFRS compliance requirements.

The value delivered in our approach is provided through a comprehensive set of tools and supplemental documentation designed to remove the uncertainty and inefficiency from researching, assessing and documenting the impacts of IFRS. Benefits to our IFRS conversion process will assist you by:

• Successfully managing your conversion by using a step by step process to perform the impact analysis and documentation for each IFRS/IAS
• Providing a proven approach to IFRS that ensures all key issues have been researched, analyzed and resolved
• Determining the optimal level of documentation to provide sufficient evidence to external auditors
• Eliminating ‘surprises’ after completing the impact analysis
• Saving time for your finance team 

Download our free IFRS Documentation Guide
or
Sign-up for our free IFRS Readiness Assessment Workshop