IFRS Implementation

It is required by law that all companies in Qatar prepare their financial statements according to International Financial Reporting Standards (IFRS). The standard language can be difficult to interpret at times, and keeping up with all IFRS and Qatar regulatory updates can be even harder. However, having a team of dedicated IFRS consultants with years of experience in this field can provide long-term relief.

Our professionals have a track record of working with companies to achieve global consistency in their financial reporting policies and practices and to seize the opportunities IFRS offers. These professionals have extensive experience in helping clients plan and execute complex and challenging IFRS first time implementation, and can provide assistance with all facets of the implementation process, helping companies:

• Evaluate the potential impacts of IFRS
• Prepare a detailed implementation plan
• Implement an IFRS conversion
• Develop a plan for sustainability
• Address the implications of IFRS in such areas as treasury, tax, financial operations, technology, and valuation
• Design and implement state of the art control frameworks, efficient information technology architecture and data flow, and fast close methodologies
• Streamline statutory financial reporting processes globally

By leveraging our previous lessons learned and the experience, our IFRS methodology is structured to address the broad implications of IFRS.