IFRS to US GAAP / US GAAP to IFRS adjustments are sought by many companies operating internationally that need to present financial results to potential partners, creditors, or other users without incurring the expense of maintaining a dual, IFRS/US GAAP reporting system.
Since IFRS and US GAAP are generally comparable, it is usually possible to prepare a US GAAP-compatible financial report by making adjustments at the IFRS financial statement level—and vice versa.
If more thorough adjustments are needed, they can often be made at the general ledger level. While such adjusted financial reports are not usually sufficient for regulatory reporting purposes, they are generally acceptable to other financial users and external auditors. Depending on a subsidiary’s materiality, they may also be acceptable consolidation purposes.
In-house training is generally sought out by subsidiaries of multinational companies with large accounting departments or those that have established joint service centers. Often delivered live, online sessions have become more common due to the global distribution of many companies’ offices.
Public training attracts a wide range of participants but usually accountants from companies with small departments. It also appeals to individuals curious about whether a career in IFRS or US GAAP would be a good fit.
Surprisingly, despite most having their own training departments, it also attracts auditors from Big 4 and mid-tier firms, government employees—particularly from finance and industry ministries—and tax specialists (even though IFRS may not be used for taxation purposes in our jurisdiction).
Among the companies we have helped:
