International Accounting Standards Consultancy

IFRS/IAS Restatements

IASC Limited is ready to help you to present your accounts for the current year or previous years under IFRS. We can transform your accounts from UK or US GAAP standards or even other local accounting systems to the new regime and convert your balance sheet or income statement to IFRS.

By law, you are obliged to present comparative data under IFRS for your company, this will be covered as part of the restatement service provided to you.. All companies trading on the New York stock exchange should also present comparative data for 2004 and 2003.

Our restatement service will enable you to see where in your accounts IFRS will potentially have a negative or positive impact.

If you wish, we can make a more detailed study on the weak areas in your accounts and make suggestions to improve them. For instance under IFRS, some parts of your accounts may decrease in value by 60% from the original value. If you wish to improve this, we will study your company?s accounts and advise you how you can have this value reduced to less than the 60%, perhaps by 30%.