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Financial Accounting Advisory Services (FAAS)

Nowadays you cannot simply make amendments to your reporting or business management. Your accountant will ask you for an accounting position paper: an official record with an evaluation of the amendments and regulations. The importance of a proper accounting position paper should not be underestimated. It shows your accountant what your accounting position is based on.

The regulations concerning reporting have become increasingly complex and prescriptive over recent years. In the coming years a new series of IFRS standards will come into force which will have a major impact on how businesses do their reporting (e.g. IFRS 9 Financial Instruments, IFRS 15 Revenue Recognition and IFRS 16 Leases). The expectation is that the Dutch Accounting Standards Board will soon adopt these standards in NL GAAP.

All expertise on IFRS/NL GAAP under one roof

The rapidly changing laws and regulations require more and more knowledge on reporting in a company's financial department. which is something our FAAS specialists can help your department with. Are you considering a transition to a totally new accounting standard? Together with you our experts can draw up a transition plan that will meet your reporting obligations. Our experts can also help you with complex transactions, changing business activities or how these will translate into or affect your accounting procedures.

Our FAAS specialists provide you with tailor-made support in your reporting with regard to:

  • IFRS conversions;
  • implementation of new standards;
  • complex transactions;
  • accounting position papers;
  • review of annual accounts.

Contact

If you would like answers to your accounting issues or if you are looking for a permanent partner for your accounting matters? Please contact one of our specialists for an introductory meeting without any obligation.