IFRS Services

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Insurance Coverage

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Professional liability of Baker Tilly Bel is insured in «TASK» CJSC and the limited liability is 1 000 000 000 rubles. 

One of the main activities of Baker Tilly Bel is rendering services in the field of International Financial Reporting Standards (IFRS). Our experts have significant experience in the field of IFRS projects both for individual companies and for holding structures in various sectors, including projects financed by the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).

Our IFRS services include:

  • Transformation of financial statements with the preparation of a full IFRS package, which consists of a statement of financial position, a statement of changes in equity, a statement of cash flows and comprehensive income, and notes to the financial statements;
  • Preparation of individual / consolidated / combined financial statements in accordance with International Financial Reporting Standards;
  • Audit of financial statements prepared in accordance with IFRS;
  • Analysis of the current accounting system of individual enterprises and holding companies;
  • Development of the methodological documents for accounting and financial reporting under IFRS: the optimal chart of accounts, accounting policies, the pro-forma of financial statements in Russian and English;
  • Consultations on IFRS application.

The company's specialists have vast experience in the field of IFRS projects, namely, construction and real estate, food processing, petrochemicals, industrial activity.

The DipIFR qualification of our experts is provided confirmation of their professional competence in IFRS.