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Home > Services > Accounting and Assurance > IFRS Accounting Advisory Services

Today over one hundred countries have adopted International Financial Reporting Standards (IFRS) either as originally issued by the International Accounting Standards Board or as endorsed by a particular jurisdiction. And by 2012 is Indonesia’s turn to adopt the IFRS! Through its standard setters, the Indonesia Financial Accounting Standard Boards, Indonesia is in the road of conversion to the IFRS and is committed to adapt the IFRS by 2012.

Bernardi & Co understands the far-reaching impact of moving from a familiar local accounting standard to IFRS. We also recognize that, due to independence rules, your external auditor can provide only limited advice. Bernardi & Co professionals are knowledgeable about the many aspects of IFRS and offer an approach that prepares your organization for a smooth transition. With our help, this change of so-called platform will not be a daunting experience.

Our experienced professionals guide you through the process with:

• Advice based on a thorough knowledge of the differences between IFRS-based PSAKs and old generation PSAKs, including industry specific considerations that may shape your organization’s conversion
• Conversion planning that includes an action plan, detailed review of financial information, and identification and development of staff training
• Identification of information requirements for converting to IFRS-based PSAKs
• Support for the conversion team that includes training and development updates, project and portfolio management, and help assessing overall impact on the organization
• Creation of a conversion plan based on our proven framework to help ensure success in a project of this magnitude
• Implementation of a holistic project approach incorporating basic technical accounting changes and addressing the impact on Change and Project Management, Technology, Human Capital Services, Tax, and Process Drivers
• Assistance with stakeholder communications

We can tailor our services to meet your needs. IFRS conversion services to attest clients may be limited due to independence considerations. If you are interested in these services, please contact Michelle Bernardi.