IFRS Financial Reporting

Transparent, qualitative and timely financial reporting? Partner up with BDO for full compliance with IFRS standards.

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Report easily and timely, fully IFRS compliant

In today's complex business world, the financial reporting ecosystem faces challenges along with the need to deliver qualitative information. Your company’s stakeholders such as investors, regulators, audit committees, policymakers and management may have different requirements to satisfy their different information needs. 

The IFRS Standards issued by the International Accounting Standard Board and International Sustainability Standard Board act as a global language that helps satisfy the information needs of these stakeholders through financial statements. One common theme to meet those needs is via transparency of information which can be safeguarded by compliance with the financial reporting framework.  

The IFR Advisory team of BDO Belgium facilitates meeting the information needs of stakeholders and transparency through compliance with the principles of IFRS Standards. Our team of experienced professionals with IFRS expertise provides an independent opinion on financial reporting matters.    

How BDO can help

Whether the information reported truly represents the economics of your business is always an inquiry from stakeholders. The decision to comply with IFRS reporting requirements builds a common consensus for stakeholders from different backgrounds. We facilitate, through our in-house expertise, to ensure the information reported is IFRS Standards compliant.   

Evolving business practices trigger changes to financial reporting principles which are required to satisfy the information needs of stakeholders. In such circumstances, it is a challenge to ensure consistent application. We foster a sense of confidence in the consistent application of these financial reporting principles. 

Simplifying business activities through an accounting practice promotes a holistic understanding of a business transaction and its overall economic impact on the industry in which the entity operates. Our diligent team of experienced professionals help you in simplifying the understanding of commercial reality.   

Complex principles slow the timing of information to your stakeholders. Our idea is to ease the understanding of the effect of a financial reporting matter, the overall financial reporting requirements and the communication of financial information to stakeholders, in a timely manner. We work with you to simplify the complex principles to ensure the financial information is available to stakeholders on time. 

Our IFRS services

  • Assessing the accounting consequences of new transactions or events, potential impacts of changes in new or amended IFRS standards, interpretations or guidance issued and formalising this into a management reporting  
  • Preparing a full set of IFRS financial statements or updating disclosures based on business changes, special transactions or to comply with new or amended standards or regulatory requirements. 
  • Knowledge sharing through BDO Global publications (BDO in practice, IFRS bulletins, illustrative financial statements) and providing training solutions. 

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