Transformation of financial statements under IFRS

In addition, the Law of the Republic of Belarus of July 12, 2013 N 57-З “On Accounting and Reporting” establishes the obligation of socially significant organizations to prepare annual consolidated financial statements for 2016 and subsequent years in accordance with IFRS.

LLC Audit Center “Erudite” provides business entities with services for the transformation of financial statements prepared in accordance with the legislation of the Republic of Belarus into financial statements that meet IFRS requirements as part of the provision of audit services for compiling financial information. Transformation services are provided on the basis of an agreement for the provision of audit services, and in compliance with the requirements of national auditing rules “Tasks for the Compilation of Financial Information”, approved by the Ministry of Finance of the Republic of Belarus of June 30, 2015 N 32.

In LLC Auditing Center “Erudite” services for the transformation of financial statements in IFRS are provided only by full-time auditors. The staff of LLC Audit Center “Erudite” includes 22 auditors with a qualification certificate of an auditor issued by the Ministry of Finance of the Republic of Belarus, including 10 auditors who have special training in the field of IFRS (ACCA DipIFR), 2 of them completed full ACCA course.

When a company transitions to IFRS, we are ready to offer an integrated approach:

  1. Conducting training in the basic course of IFRS with the provision of a set of handouts and solving practical problems.
  2. Development of accounting policies for IFRS, chart of accounts, forms of disclosures for IFRS.
  3. Carrying out the transformation of statements in IFRS with the provision of all development tables to the Customer.
  4. Conducting training on reporting transformation with the department created at the Customer in accordance with IFRS, including using data from reports already transformed by LLC Audit Center “Erudite”.
  5. We carry out accounting automation in accordance with IFRS both in the MS Excel program and in 1C.

LLC Audit Center “Erudite” has carried out many transformations of IFRS reporting for its clients - both large holding companies for which reporting under IFRS is mandatory, and for companies whose customers are investors. Among them are many IT companies, HTP residents.

IFRS reporting is provided by us both in Russian and in English - at the request of the Customer.

Audit of financial statements prepared under IFRS

Audit of financial statements prepared under IFRS