Conversion to IFRS

As of 1 January 2005, socalled capital market-oriented companies must prepare consolidated financial statements according to the International Financial Reporting Standards (IFRS/IAS). However, for multiple reasons, even non-capital market oriented companies benefit from voluntarily preparing their annual or consolidated financial statements according to IFRS accounting standards. For example, it may be recommendable to anticipate the expectations of banks and associated companies in order to obtain more favourable financing options (improved rating). Also, suppliers or international purchasers increasingly demand submission of an annual financial statement prepared according to international accounting standards.

Oftentimes, the potentials of a company become much more transparent in an IFRS statement. IFRS also offers many new opportunities and possiblities to medium-sized companies.

Take advantage of our great technical know-how and long-term experience with IFRS and US-GAAP when converting to international accounting standards. We would be pleased to assist you during the process of transforming your external accounting and internal reporting system and offer advice regarding all questions related to international accounting.