Why Adopt IFRS?
Adopting International Financial Reporting Standards (IFRS) allows businesses to present financial statements on a consistent basis with international competitors, facilitating easier comparison. For companies with subsidiaries in countries where IFRS is required or permitted, using a single accounting language across the organization simplifies financial reporting. Additionally, IFRS adoption may be necessary for subsidiaries of foreign companies or if a foreign investor mandates its use. IFRS can also benefit companies seeking to raise capital internationally. Nepal has adopted the Nepal Financial Reporting Standards (NFRS), which are converged with IFRS.
How Can We Help?
We have a proven track record in successfully implementing NFRS across various sectors, including banks, microfinance institutions, investment companies, capital markets, mutual funds, and other service industries. Our team consists of leading professionals with extensive experience in NFRS implementation, positioning our clients advantageously to address and resolve any challenges.
