Today over one hundred countries have adopted International Financial Reporting Standards (IFRS) either as originally issued by the International Accounting Standards Board or as endorsed by a particular jurisdiction. In Indonesia, the decision to adopt IFRS was made in 2008; the financial reporting framework has changed significantly since then. From previously one accounting standard to fit any companies, the Indonesian Accounting Standard Boards have issued 4 different sets of accounting standards of which this will continue to evolve in the years to come.
Reanda Bernardi understands the far-reaching impact of these changing frameworks would bring to your organization. Compliance with the standards, adjustments of the accounting information system, adequate knowledgeable resources, impacts of expected earnings to report, possible changes made to financial ratios related to borrowing covenants, and linkage with taxation are among the issues that might occur from the significant changes in the accounting standards.
Besides, we also recognize that, due to independence rules, your external auditor can provide only limited advice. Reanda Bernardi professionals are knowledgeable about the many aspects of IFRS and offer an approach that prepares your organization for a smooth transition. With our help, this change of so-called platform will not be a daunting experience.