The regulations concerning reporting have become increasingly complex and prescriptive over recent years. BDO offers Financial Accounting Advisory Services (FAAS) and IFRS implementation expertise to help businesses navigate the increasingly complex and prescriptive regulations concerning reporting, since it is essential to have a proper accounting position report.
Nowadays you cannot simply make amendments to your reporting or business management. Your accountant will ask you for an accounting position paper: an official record with an evaluation of the amendments and regulations. The importance of a proper accounting position paper should not be underestimated. It shows your accountant what your accounting position is based on.
At BDO, we offer a comprehensive range of Financial Accounting Advisory Services (FAAS) to help your company stay on top of the ever-evolving laws and regulations surrounding financial reporting. Our FAAS specialists can assist with various needs, such as IFRS conversions, implementation of new standards, complex transactions, accounting position papers, and review of annual accounts.
If you are considering transitioning to a new accounting standard, our experts can work with you to develop a plan that meets your reporting obligations. Additionally, we can provide tailor-made support to address the impact of changing business activities on your accounting procedures.
Contact our specialists at BDO for more information about how we can help you with specific reporting, provide solutions to your accounting issues and become your permanent partner for all accounting matters. Schedule an introductory meeting with one of our specialists today without any obligation, call +5999 462 1200.
