Financial Reporting
The Australian equivalent to the International Financial Reporting Standards (“AIFRS”) is now effective and represents far more than just another set of accounting compliance issues. It may pose a number of significant and complex adjustments to your financial statements, and affect the reported results of Australian businesses.
The degree of change as a result of the conversion to AIFRS, varies significantly between organisations. William Buck uses a proven approach to AIFRS, that carefully considers how the changing accounting basis to AIFRS will affect our clients.
How William Buck can help you
The William Buck team has deep technical expertise in financial reporting and a proven track record in assisting companies with the successful transition to new accounting standards.
Through our national technical division we can assist organisations in:
- Understanding the financial impact of the transition to AIFRS
- Analysing whether you have successfully embedded the changes required to collect the new information within your systems and processes
- Understanding the tax implications of moving to AIFRS and its impact on tax consolidations
- Ensuring that the impact of moving to AIFRS is understood from a wider business perspective
- Preparing AIFRS compliant financial statements
- Providing independent technical advice to support transactions and accounting positions taken
- Providing AIFRS training for your finance team
For more information
For more information on our assurance services please contact your local office, or download an information sheet.
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Information sheet – Financial Reporting |
