IFRS Reporting

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New Zealand is now one of more than one hundred countries to adopt International Financial Reporting Standards (“IFRS”) either as originally issued by the International Accounting Standards Board or as endorsed by a particular jurisdiction.

In a constantly evolving environment, Grant Thornton can provide the expertise to help you deal with the changes — and how to understand New Zealand equivalents of IFRS (NZ IFRS). We can advise you on how changes in accounting standards will affect your business, the options available to you and how best to communicate the impact internally as well as externally, through our commitment to:

• technical excellence: today's financial reporting requirements are international, and our National Technical Director is qualified in IFRS and all aspects of generally accepted accounting practice in New Zealand (NZ GAAP). As the NZ member firm within Grant Thornton International Ltd, we have access to an international IFRS academy that can offer consistent technical support from an international network of over 500 offices
• independent expertise: we can help you understand what changes in accounting standards actually mean. From assisting with the preparation of financial statements to providing support on training, we can help on technical issues where, due to independence requirements, your auditors are unable to do so.

For further details of our services or to discuss your needs, please click here to contact Mark Hucklesby, National Technical Director.