The complex accounting regulations and frequent modifications in existing standards under the International Financial Reporting Standards (IFRS) pose accounting difficulties for many companies.
Understanding and applying these standards necessitates a strong grasp of the standards themselves, familiarity with the various transactions involved, comprehension of the contractual agreements between parties, awareness of the companies' operational frameworks, and knowledge of industry norms.
The Accounting Advisory Services practice at Crowe member firms consists of a specialized team that offers guidance and assistance in accounting and financial reporting to both audit and non-audit clients. They provide support in various transactions and events, including compliance with updated accounting standards and efficient management of financial reporting processes, with the aim of assisting clients.