IFRS & IND AS Reporting Conversion
International groups may need to prepare financial information under different accounting frameworks depending on the jurisdiction, parent company requirements, investor expectations, or statutory reporting obligations. Differences between IFRS and Ind AS can require detailed analysis and appropriate accounting adjustments.
At Ritesh Arora & Associates, we assist businesses with financial reporting conversion and reconciliation between IFRS and Ind AS, subject to the applicable reporting requirements.
Our Process
How we deliver this engagement.
Framework Assessment
Identify applicable IFRS and Ind AS reporting requirements.
Accounting Review
Analyze existing accounting policies and financial statements.
Difference Identification
Identify material differences between reporting frameworks.
Conversion
Prepare appropriate accounting adjustments and reconciliations.
Reporting
Produce converted financial information and supporting schedules.
Bridging International Reporting Frameworks
Our IFRS & Ind AS Reporting Conversion services help businesses maintain consistent financial reporting when operating across jurisdictions with different accounting frameworks.
Our IFRS & Ind AS Services Include
Accounting Policy Assessment
We compare existing accounting policies with the requirements of the applicable reporting framework.
Financial Statement Conversion
We assist with converting financial information from one reporting framework to another for group or statutory reporting purposes.
GAAP Reconciliation
We identify accounting differences and prepare appropriate reconciliation adjustments between IFRS and Ind AS where required.
Consolidation Adjustments
We assist parent companies in incorporating appropriate reporting adjustments for overseas subsidiaries.
Reporting Documentation
We prepare supporting schedules, reconciliations, and accounting analysis required to explain material reporting differences.
Benefits
- Consistent group reporting.
- Better understanding of accounting differences.
- Improved financial statement comparability.
- Smoother consolidation.
- Better investor and stakeholder reporting.
- Improved audit preparedness.
Our general frequently asked questions
Find quick answers to common questions about our services, timelines, and engagement process.
VIEW ALL QUESTIONSOur prices are competitive and market-driven. However, we offer various payment plans and special offers for early buyers. Contact our team to discuss available options and any ongoing promotions.
You will typically need PAN cards, Aadhaar cards, photographs, and address proofs of the directors, along with the registered office address proof.