Why IFRS?
By adopting IFRS, a business can present financial statements on the same basis as foreign competitors, making comparison easier. Furthermore, companies with subsidiaries in other countries that require or permit IFRS may be able to use one accounting language company-wide. Companies may also need to convert to IFRS if they are a subsidiary of a foreign company that must use IFRS, or if they have a foreign investor that must use IFRS. Companies may also benefit by using IFRS if they wish to raise capital abroad. Further Nepal has adopted NFRS which is converged form of IFRS.
How can we help?
We have successfully implemented NFRS in Banks, Micro Finance Companies, Investment Companies, Capital markets, Mutual Funds and other service industries. We are an organization with leading professionals in the country designated for the task. Our proven record from past assignments and the quality of the team puts our clients at the most advantageous position to tackle the issues.