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583 AERIAL

IFRS – Convergence And Audit

Nov 16, 2023

PROBLEM
How can an Information Technology Enabled Services group with subsidiaries in Singapore, Unites States of America and India, effectively handle consolidation of its financial statements under IFRS?

METHODOLOGY
Through a comprehensive study and understanding of the activities of the group and our understanding of the IFRS requirements, our team assessed and worked on GAAP differences by applying consolidation principles.

OUTCOME
We were involved in effective compilation and review of consolidated financial statements of the ITES group in line with IFRS requirements.

PROBLEM
How can an Information Technology Enabled Services group with subsidiaries in Singapore, Unites States of America and India, effectively handle consolidation of its financial statements under IFRS?

METHODOLOGY
Through a comprehensive study and understanding of the activities of the group and our understanding of the IFRS requirements, our team assessed and worked on GAAP differences by applying consolidation principles.

OUTCOME
We were involved in effective compilation and review of consolidated financial statements of the ITES group in line with IFRS requirements.

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