Skip to content Expert guidance for seamless IFRS implementation to enhance your financial strategies and ensure long-term success in EMEA.
In the realm of financial reporting, Advisory Corp provides expertise in navigating accounting standards and delivering comprehensive advisory services. We specialize in helping organizations understand and comply with regulatory requirements, ensuring accurate and transparent financial reporting.
Our advisory services encompass strategic guidance on implementing effective financial reporting frameworks tailored to industry-specific needs. We collaborate closely with clients to develop and execute implementation strategies that align with their organizational goals and regulatory obligations.
With a commitment to excellence, Advisory Corp empowers businesses to enhance their financial reporting practices, optimize compliance with accounting standards, and improve stakeholder confidence through reliable and insightful advisory services.
Our IFRS implementations are rigorously aligned with international financial reporting standards, ensuring compliance and consistency across all reporting.
With a proven track record, Advisory Corp is recognized for delivering accurate and dependable financial reporting, empowering our clients to make strategic and assured decisions.
Our team holds accreditations with leading international financial authorities, providing you with a globally recognized level of expertise in financial reporting.
We ensure transparent and timely communication throughout the IFRS implementation process. Our commitment to clarity means you’re always informed and in control of your financial reporting.
Our team of former Big 4 consultants is the backbone of Advisory-Corp’s success. Each member brings exceptional expertise in Strategy, Feasibility Studies, Valuation, and Due Diligence, ensuring that we provide our clients with the highest level of insight and solutions.
Director Strategy Consulting
Director Finanical Advisory
Managing Director Advisory
Director Public Consulting
Director Advisory
Director Advisory
Whether you are transitioning to IFRS for the first time, upgrading your financial systems to comply with the latest IFRS standards, or striving to maintain transparency in your financial reporting, Advisory Corp’s IFRS implementation services are designed to meet your needs.
Implementing IFRS standards ensures your financial statements are transparent and understandable, crucial for stakeholders’ trust and confidence.
Adopting IFRS aligns your accounting with global standards, facilitating business on an international scale and improving investor relations.
Our services streamline your financial processes, identify discrepancies, and optimize the overall efficiency of financial reporting systems.
We help redefine your financial strategies to reflect the comprehensive nature of IFRS, ensuring all financial activities support broader business objectives.
Understanding the implications of IFRS on tax and statutory reporting is crucial. We guide you through these complexities to ensure compliance and prevent surprises.
From developing new accounting policies and procedures under IFRS to ongoing support with updates and changes in standards, our experts are ready to assist you every step of the way.
IFRS work is judged at year end, by the auditor. We run the transition so every significant judgement is documented, agreed and supportable before the reporting date, not defended after it.
We compare your current accounting policies against IFRS as endorsed in the Kingdom, standard by standard, and identify every difference that affects recognition, measurement or disclosure. Alongside that we quantify the impact on your balance sheet, results and key ratios, so you know early where covenant or bank conversations will be needed.
We draft the accounting policy manual and a position paper for each significant judgement, covering revenue, leases, financial instruments, impairment, fair value and consolidation as they apply to your business. Each position sets out the standard, the facts, the conclusion and the reasoning, in a form your auditor can review directly.
We build the opening IFRS balance sheet and restate the comparative period, prepare the transition adjustments with full supporting workings, and define what has to change in your chart of accounts, systems and month end process to keep reporting compliant going forward.
You receive disclosure ready financial statements with the full note set, the policy manual and the workings behind every adjustment. We train your finance team to run the reporting themselves, support the first audit cycle, and stay available as new standards and amendments take effect.
For decades, we’ve partnered with visionary investors and their portfolio companies to unlock exceptional value through disciplined financial strategy and execution. Our client-focused approach has helped businesses transform their financial operations and achieve sustainable growth across diverse market conditions.
The Saudi Organization for Chartered and Professional Accountants endorsed IFRS for use in the Kingdom, requiring listed entities to apply endorsed IFRS for periods beginning 1 January 2017 and other entities from 1 January 2018. Non publicly accountable entities apply IFRS for SMEs as endorsed locally. Banks and insurance companies were already reporting under IFRS ahead of that timetable.
It is IFRS with local modifications: SOCPA added disclosure requirements in certain standards, mainly to reflect Shariah and local law, and endorsed additional pronouncements for matters IFRS does not address but that are relevant in the Kingdom. Applying IFRS as published without those local requirements is a common source of audit findings.
In practice, revenue recognition under IFRS 15 where contracts have multiple performance obligations, leases under IFRS 16 where the whole property portfolio has to come on balance sheet, expected credit losses under IFRS 9, and fair value measurement under IFRS 13 where the asset or investment does not trade. Group structures also struggle with consolidation and purchase price allocation.
Three to six months for most companies, longer for groups with several entities or significant leases and contracts. The critical point is that first time adoption requires an opening balance sheet and restated comparatives, so the work reaches back a full year before your first IFRS reporting date. Starting late is what forces rushed judgements.
Yes, and it saves time. We prepare the accounting policy papers, the technical position on each significant judgement and the supporting calculations in a form your auditor can review directly. Agreeing the treatment with them during the project, rather than defending it at year end, is what keeps the audit clean.
A gap assessment, the accounting policy manual, position papers on each significant judgement, restated opening balances and comparatives, the disclosure ready financial statement template, and training for your finance team. Start with a free consultation: we discuss your entity type, reporting deadline and where the exposure sits, then send a fixed fee proposal with deliverables and dates.
Expert guidance for seamless IFRS implementation to enhance your financial strategies and ensure long-term success in EMEA.
Our team of former Big 4 consultants is the backbone of Advisory-Corp’s success. Each member brings exceptional expertise in Strategy, Feasibility Studies, Valuation, and Due Diligence, ensuring that we provide our clients with the highest level of insight and solutions.
Driven by a commitment to excellence, our consultants work collaboratively, combining global perspectives with deep local market knowledge. Together, we create tailored strategies that help businesses thrive, driving growth and success across Saudi Arabia and the GCC.
Director Finanical Advisory
Managing Director Advisory
Director Public Consulting
Strategy & Project Management
In the realm of financial reporting, Advisory Corp provides expertise in navigating accounting standards and delivering comprehensive advisory services. We specialize in helping organizations understand and comply with regulatory requirements, ensuring accurate and transparent financial reporting.
Our advisory services encompass strategic guidance on implementing effective financial reporting frameworks tailored to industry-specific needs. We collaborate closely with clients to develop and execute implementation strategies that align with their organizational goals and regulatory obligations.
With a commitment to excellence, Advisory Corp empowers businesses to enhance their financial reporting practices, optimize compliance with accounting standards, and improve stakeholder confidence through reliable and insightful advisory services.
Whether you are transitioning to IFRS for the first time, upgrading your financial systems to comply with the latest IFRS standards, or striving to maintain transparency in your financial reporting, Advisory Corp’s IFRS implementation services are designed to meet your needs.
Our team of dedicated IFRS specialists at Advisory Corp collaborates closely with you to understand the specific requirements of your business. We translate these into robust and compliant financial strategies. Here’s how our IFRS implementation services can assist your organization:
Implementing IFRS standards ensures your financial statements are transparent and understandable, crucial for stakeholders’ trust and confidence.
Adopting IFRS aligns your accounting with global standards, facilitating business on an international scale and improving investor relations.
Our services streamline your financial processes, identify discrepancies, and optimize the overall efficiency of financial reporting systems.
We help redefine your financial strategies to reflect the comprehensive nature of IFRS, ensuring all financial activities support broader business objectives.
Understanding the implications of IFRS on tax and statutory reporting is crucial. We guide you through these complexities to ensure compliance and prevent surprises.
From developing new accounting policies and procedures under IFRS to ongoing support with updates and changes in standards, our experts are ready to assist you every step of the way.
Our IFRS implementations are rigorously aligned with international financial reporting standards, ensuring compliance and consistency across all reporting.
With a proven track record, Advisory Corp is recognized for delivering accurate and dependable financial reporting, empowering our clients to make strategic and assured decisions.
We maintain a comprehensive database of financial data and conduct thorough analyses on trends affecting financial standards and practices. Our expertise provides critical insights that drive financial strategy and implementation.
We ensure transparent and timely communication throughout the IFRS implementation process. Our commitment to clarity means you’re always informed and in control of your financial reporting.
Our team holds accreditations with leading international financial authorities, providing you with a globally recognized level of expertise in financial reporting.
At Advisory Corp, we tailor our IFRS implementation services to meet the unique financial landscapes of your business, addressing specific challenges and maximizing the potential of your financial operations.
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