IFRS Advisory in Qatar
International Financial Reporting Standards (IFRS) are the accounting standards used for statutory financial statements in Qatar. Getting the treatment wrong during the year, not just at audit time, is what usually causes late adjustments, qualified opinions or disputes with a bank or investor over the numbers.
Where IFRS questions commonly come up
- Revenue recognition for long-term contracts, construction and services billed in stages.
- Lease accounting under IFRS 16, for offices, equipment and vehicles.
- Financial instruments and expected credit losses under IFRS 9, particularly for companies with receivables from related parties.
- Consolidation of group accounts where a Qatar company has a parent or subsidiary elsewhere.
- First-time adoption, for a company moving from informal bookkeeping to full IFRS financial statements.
How we work
We review your current accounting policies against the standards that actually apply to your transactions, identify where the treatment is wrong or inconsistent, and help you correct it going forward rather than only at year end. For a specific transaction, such as a new lease, a related-party loan or a revenue arrangement, we can advise before you sign it, so the accounting is settled in advance.
Working alongside your audit
IFRS advisory and audit are separate services, and where independence rules require it we keep the two functions apart so the audit stays independent. Getting IFRS treatment right before the audit starts is what keeps the audit itself efficient.
How it works
Assessment
We review your current reporting framework against IFRS requirements.
Gap analysis
We identify the standards and disclosures that need to change.
Implementation support
We help you adopt the right accounting treatments and policies.
Ongoing advisory
We remain available as standards and your business evolve.
Frequently asked questions
Companies preparing statutory financial statements under the Commercial Companies Law generally use IFRS, including the simplified version for smaller entities, IFRS for SMEs, where applicable. We confirm which version fits your company.
Yes. Many clients come to us with a single issue, such as how to treat a new lease or a related-party loan, rather than a full policy review.
Where independence rules require separation between advisory and audit work on the same client, we keep the two apart. We tell you upfront if a piece of advisory work would create a conflict with an audit engagement.
A short review of your policies and a sample of transactions is usually enough to tell. We can do this as a stand-alone health check before your next audit.
Yes, including where a Qatar company has a parent or subsidiary in another country and the accounts need to be consolidated under IFRS.