GAAP Consulting

Conversion to IFRS or Swiss GAAP FER – Are you aware of the stumbling blocks?

The worldwide convergence towards IFRS is the predominant trend we have seen in financial reporting over recent years. By switching to IFRS, not just major public companies but also fast growing, international SMEs can ensure that their reporting processes will meet the high standards expected by their stakeholders. An alternative set of rules is available to companies with a national focus in the form of Swiss GAAP FER, a set of standards which has proven successful in practice. Our IFRS and Swiss GAAP FER experts have already helped many companies switch their accounting and reporting to one of these sets of standards securely and efficiently. Our professional knowledge – of GAAP, but also of processes and financial systems – helps you avoid pitfalls and ensure that your accounting procedures are not just useful for reporting purposes but also serve as a valuable management tool.

The challenges you face

• You would like to switch your accounting and reporting to IFRS, IFRS for SMEs or Swiss GAAP FER.
• You need an accounting manual or financial reporting package.
• You are looking for support in preparing your consolidated financial statement in accordance with IFRS, IFRS for SMEs or Swiss GAAP FER.
• You need advice on complex transactions or difficult questions related to accounting.
• You have a temporary shortage of staff in your financial reporting team and tight deadlines to meet.

How PwC can support you

• We advise you in selecting the appropriate set of standards and assist you in switching to IFRS, IFRS for SMEs or Swiss GAAP FER using our proven conversion approach.
• We make sure that your accounting manual and financial reporting package are up to date and suitable for use as company-wide management tools.
• We support you in preparing your consolidated financial statements in accordance with IFRS, IFRS for SMEs or Swiss GAAP FER.
• We solve complex accounting questions on your behalf (e.g. cash flow statement, company mergers).
• We supplement your financial reporting team in the short term with experienced staff.