Conversion from RAS to IFRS
When selecting an outsourced Accounting company in Russia, you are intrusting your business to people who you know will represent your interests. Very often you need accounting firm that will be able to do international report according to IFRS. EMG is ready to make IFRS in Russia for you!
IFRS is the acronym for International Financial Reporting Standards. It is used throughout the world except in the United States where U.S. GAAP (generally accepted accounting principles) is followed. Transformation of financial statements to IFRS involves recalculating existing statement items according to the requirements. More than 113 countries around the world, including all of Europe, currently require or permit IFRS reporting.
Financial reports in accordance with international standards should be done by: public companies, investment funds, trust companies, credit unions, pension funds, mortgage and insurance companies.
Transformation of Russian Accounting into financial statements in accordance with IFRS standards is a constant burden on many international companies operating in Russia. We understand these complexities and are also aware that each client is unique and has specified reporting requirements. We are happy and ready to work with you to ensure that the reports you receive from us will fit your consolidated reporting requirements.