New International Financial Reporting Standards (IFRS) requirements often pose challenges for companies, particularly with first-time implementation.
Meanwhile, Egyptian Accounting Standards (EAS) are consistently updated to narrow the gap with IFRS. This creates a regular challenge for companies complying with IFRS for group reporting and with EAS for statutory reporting.
Our experts are well versed in both IFRS and EAS, helping clients prepare for the adoption of new standards and supporting on disclosure requirements.
In addition, they are closely involved in discussions on IFRS adoption in Egypt, enabling them to expertly analyze and assess potential implications on financial statements.
Our teams specialized in financial service industries are also involved in adoption plans for standards covering financial institutions such as banks and insurance players.
