IFRS Implementation,
Convergence & Reporting

The cornerstone of financial reporting is that a singular set of standards must be followed to properly gauge businesses located across the globe. As a result of the development of a truly global economy, there continues to be a move towards the development and adoption of a International Financial Reporting Standards ("IFRS") worldwide. Although there have been numerous delays in the United States to gradually move all public companies to IFRS, many companies have already adopted these standards for foreign statutory requirements, consolidation into foreign subsidiaries, and for mergers and acquisitions.

The IFRS Implementation, Convergence & Reporting Team at WithumSmith+Brown, PC understands the challenges facing companies in the United States that are preparing for unprecedented changes in financial reporting over the next few years. Whether companies are already reporting on IFRS, considering early adoption, or gradually converging as standards are changed in the United States, WS+B can provide you with the expertise, manpower, and efficiency you need to be in a position of strength. Our team of professionals has experience in auditing IFRS statements, as well as preparing IFRS statements and reporting packages from GAAP financial statements for reporting to parent companies.

In addition, our team of professionals is actively involved in following the changes taking place within existing accounting principles generally accepted in the United States. These changes which are being proposed and issued by the Financial Accounting Standards Board ("FASB") are designed to gradually converge existing standards to more closely resemble IFRS, reducing the burden that companies would face if full adoption was required all at once. Our team or professionals can assist companies in the adoption of these new standards, as well as evaluating other changes that companies can make now, which may benefit them in the future upon full adoption.

We have a loyal client base of large, medium, and small companies across many industries in the areas of Accounting & Auditing and Business Advisory Services. The services we offer related to IFRS Implementation, Convergence & Reporting include:

• Audits of IFRS Financial Statements
• Preparation of IFRS Financial Statements and Reporting Packages
• First time full adoption of International Financial Reporting Standards
• Assistance related to the adoption of US GAAP Convergence Standards issued by the Financial Accounting Standards Board
• Evaluation and Implementation of Internal Controls related to IFRS accounting standards
• Evaluations of existing US GAAP methods for the determination of the impact that IFRS adoption will have

The IFRS Implementation, Convergence & Reporting Team at WithumSmith+Brown is comprised of professionals with deep experience in financial reporting. These team members have extensive experience in Accounting & Auditing Services, Technical Advisory Services, SEC Compliance & Reporting, and Business Advisory Services. Our team will exceed your expectations by offering the confidence, insight, continuity, and experience your business needs to be in a position of strength.