What Is IFRS Advisory, and Why Does It Matter in Qatar?

International Financial Reporting Standards (IFRS) are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They provide a standardised way of describing a company's financial performance, so that its financial statements are understandable and comparable across international boundaries.

The mission behind IFRS is to bring transparency, accountability and efficiency to financial markets around the world. IFRS Standards are now required in more than 140 jurisdictions, with many others permitting their use — and companies in Qatar are subject to them.

The increasing complexity of financial reporting, and the rapid pace of change in accounting standards, has led to a significant increase in demand for high-level advice from experts in the field. Auditment's advisory team helps businesses adopt and implement IFRS standards, understand what changes when a standard is updated, and stay compliant as their business — and the standards themselves — evolve.

If your company needs help adopting IFRS or reviewing its current reporting framework, learn more about our IFRS advisory service or request a proposal.