IFRS

The International Financial Reporting Standards (IFRS) have become increasingly important to Danish businesses. Grant Thornton follows the development closely to provide the best advice to our clients.

Developments in accounting

Grant Thornton follows closely the developments in accounting as a result of the IFRS and what it means for Danish firms.

Advice on international reporting standards

Consequently, many businesses need advice and guidance on international accounting matters.

As a result, Grant Thornton has set up a specialist group which works with IFRS/IAS and follows the development in the international accounting legislation closely.

Over the years, this group of accountants has gained considerable experience and insight in accounting matters.

Grant Thornton around the world

The on-going develpoment of our expertise is conducted in close cooperation with our international organisation. Internationally, Grant Thornton is one of the world’s leading organisations of accounting and consulting firms providing assurance, tax and specialist advice to ownermanaged businesses and their owners in more than 100 countries.

Our advice relating to international reporting standards includes the following areas:

• identification of the differences between current accounting principles and IFRS
• establishment and description of new accounting policies
• retrieval of relevant data
• establishment of opening balance sheet
• establishment of comparative figures
• assessment of the consequencein relation to future financial reporting