Grant Thornton Monaco
The International Financial Reporting Standards are prepared by the International Accounting Standards Board for the preparation of corporate financial statements. They are used in over 160 different jurisdictions, and are rapidly becoming the global accounting language. Using the IFRS can contribute towards improving the quality, comparability and transparency of your financial information, and will increase the level of confidence your company transmits to its various stakeholders.
Common framework and benefits
Application of the IFRS makes it possible to:
- Harmonise the way financial information is handled within a group of companies
- Unify consolidation restatements
- Obtain a complete comparative overview of different jurisdictions, different tax periods, etc.
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