IFRS & IND AS Compliance
Precision-Engineered Regulatory Automation
In the highly regulated Banking and Insurance sectors, manual compliance is no longer sustainable. Anuvaidha Consulting provides specialized frameworks that automate complex mandates, ensuring your regulatory reporting is accurate, scalable, and fully defensible.
IFRS 17 (IND AS 117) for Insurance
IFRS implementation failures are almost never caused by a lack of effort. They are caused by a lack of the right expertise, applied at the right time.
IFRS standards are not designed to be implemented by a finance team working alongside its day-to-day responsibilities. Each standard IFRS 17, IFRS 9, IFRS 16, IFRS 15 represents an entire sub-discipline of technical accounting, with hundreds of pages of requirements, accompanying interpretations, and a body of industry practice that takes years to develop deep expertise in. The consequences of getting it wrong are severe and wide-ranging. Here is what we see when organizations attempt IFRS implementation without the right specialist support:
- Measurement models are selected without a thorough analysis of eligibility criteria resulting in a transition to the wrong model (e.g., using the Premium Allocation Approach where the General Measurement Model is required under IFRS 17) that must be corrected at significant cost after the fact.
- Transition date choices are made without modelling the full financial statement impact across different options leaving value on the table or creating unnecessary earnings volatility that could have been avoided with proper upfront analysis.
- Expected Credit Loss models under IFRS 9 are built on assumptions that are not sufficiently forward-looking, producing ECL provisions that understate credit risk and fail regulatory scrutiny or overstate it and distort reported profitability.
- Lease registers built for IFRS 16 are incomplete, incorrectly classified, or built on wrong discount rates understating right-of-use assets and lease liabilities and creating material misstatements that surface at the first audit of IFRS accounts.
- Revenue recognition under IFRS 15 is applied mechanically to standard contract types without adequate analysis of contract modifications, variable consideration, or material right obligations creating audit disputes and disclosure gaps.
- Disclosure requirements are treated as secondary to measurement resulting in notes that are technically insufficient, boilerplate, and fail to provide users with the information the standard is specifically designed to require.
- Systems and data infrastructure are not assessed until mid-implementation when it becomes apparent that the source data required by the new standard does not exist in the required form, creating an urgent, expensive remediation programme.
- Auditors are engaged too late in the process and arrive to find accounting positions that have not been properly documented, disclosure frameworks that are incomplete, and transition workings that cannot be independently verified.
IFRS 17 (IND AS 117) for Insurance
Transitioning to IFRS 17 requires a robust engine.
- Automated CSM Logic: Precision execution of Contractual Service Margin (CSM), Risk Adjustment, and Loss Component calculations across GMM, PAA, and VFA approaches.
- Sub-Ledger Integration: Mapping insurance contract data directly to your General Ledger with granular, contract-level traceability.
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OUR IFRS 17 ADVISORY COVERS:
→ Measurement Model Selection & Design: We conduct a rigorous, contract-by-contract eligibility analysis to determine the appropriate measurement model for each portfolio General Measurement Model (GMM / Building Block Approach), Premium Allocation Approach (PAA), or Variable Fee Approach (VFA) with full documentation of the assessment rationale and supporting evidence for auditor and regulator review.
→ Contractual Service Margin (CSM) Modelling: We design and build the CSM calculation framework the heart of IFRS 17 measurement including the identification of coverage units, the mechanics of CSM amortisation and unlocking, the treatment of experience adjustments, and the interaction between CSM movements and other comprehensive income.
→ Transition Methodology & Date of Initial Recognition: We analyse the full financial statement impact of all three permitted transition approaches Full Retrospective, Modified Retrospective, and Fair Value model their comparative period implications, and recommend the approach that best balances technical eligibility, data availability, and financial statement outcomes.
→ Discount Rate Determination & Curve Construction: We advise on the derivation of IFRS 17-compliant discount rates including the construction of risk-free yield curves, the application of illiquidity premia where eligible, and the methodology for currencies and markets where observable market data is limited.
→ Risk Adjustment Quantification: We advise on the selection and calibration of the risk adjustment for non-financial risk including confidence level approaches, cost of capital methods, and the critical assessment of what constitutes an appropriate compensation for bearing insurance uncertainty with full disclosure documentation.
→ Actuarial-Accounting Integration Framework: IFRS 17 sits at the intersection of actuarial science and financial accounting. We design the integration framework that governs how actuarial cash flow projections, assumptions, and experience analyses feed into the accounting measurement ensuring consistency, auditability, and clear ownership across actuarial and finance functions.
→ Systems & Data Impact Assessment: We assess the systems and data infrastructure implications of IFRS 17 adoption identifying gaps in source data granularity, evaluating policy administration system outputs, and defining the requirements for subledger or calculation engine implementation to ensure that the accounting model can be operationalized at the required level of precision.
→ IFRS 17 Disclosure Framework: We design the complete IFRS 17 disclosure framework covering reconciliations of insurance contract liabilities, analysis of insurance revenue and service results, sensitivity analyses, and quantitative and qualitative information about significant judgements ensuring that disclosures meet the standard’s intent, not merely its minimum letter.
→ Regulatory Reporting Alignment (IRDAI): For Indian insurers, we ensure that the IFRS 17 implementation is designed with full awareness of IRDAI regulatory reporting requirements identifying where the two frameworks diverge, managing dual reporting obligations, and providing guidance on regulator communications regarding IFRS 17 adoption impacts.
WHO THIS IS FOR: Life insurers, general insurers, composite insurers, reinsurance companies, and insurance holding groups whether at the beginning of an IFRS 17 journey, mid-implementation and encountering challenges, or post-adoption and requiring ongoing compliance support.
Expected Credit Loss (ECL) Modeling for Banking
We automate the end-to-end ECL process, replacing fragmented spreadsheets with a controlled, high-performance analytic framework.
- Multi-Scenario Weighting: Automated engines that incorporate macroeconomic scenarios and forward-looking information as required by IND AS 109.
- Stage Allocation & Tracking: Systematic logic for identifying “Significant Increase in Credit Risk” (SICR) and transitioning assets between Stages 1, 2, and 3.
- High-Volume Analytics: Utilizing an advanced analytic hub to process millions of loan-level records for precise PD, LGD, and EAD calculations.
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OUR IFRS 9 ADVISORY COVERS:
→ Classification & Measurement Assessment: We conduct a systematic assessment of every financial asset across the balance sheet evaluating business model tests and Solely Payments of Principal and Interest (SPPI) tests to determine the correct classification as Amortised Cost, Fair Value Through Other Comprehensive Income (FVOCI), or Fair Value Through Profit or Loss (FVTPL). Every assessment is documented in a formal position paper with supporting analysis.
→ Expected Credit Loss (ECL) Model Design: We design the ECL modelling framework from the ground up defining the staging criteria for significant increases in credit risk (Stage 1, 2, 3), the approach to Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) estimation, the incorporation of forward-looking macroeconomic scenarios, and the governance framework for model validation and regular review.
→ Forward-Looking Macro-Economic Scenario Integration: The most practically challenging aspect of IFRS 9 ECL is the requirement to incorporate reasonable and supportable forward-looking information. We advise on the identification of relevant macro-economic variables, the construction of multiple economic scenarios with associated probability weightings, and the translation of macro scenarios into credit risk parameters with full documentation for auditor and regulator scrutiny.
→ Staging Assessment Framework: We design the quantitative and qualitative criteria for staging financial assets determining what constitutes a significant increase in credit risk (trigger for Stage 2) and what constitutes credit impairment (Stage 3) with particular attention to the backstop provisions, forbearance indicators, and the mechanics of staging reversals.
→ Hedge Accounting Documentation & Effectiveness Testing: For organizations applying IFRS 9 hedge accounting, we prepare the required formal hedge documentation, design the effectiveness testing methodology, advise on the accounting for hedging instruments and hedged items, and ensure that the hedge accounting treatment is consistent across all designated relationships including the treatment of ineffectiveness in profit or loss.
→ Day 1 P&L and Fair Value Measurement: Where financial instruments are initially recognised at fair value and there is a Day 1 difference between transaction price and fair value, we advise on the recognition and amortisation of Day 1 profits and losses including the identification of observable market data and the application of valuation techniques where market data is not available.
→ IFRS 9 Disclosure Design: We design the complete IFRS 9 disclosure framework covering credit risk management objectives, ECL methodologies and assumptions, staging movements, write-offs and recoveries, concentration risk, and the sensitivity of ECL provisions to changes in macro-economic assumptions ensuring that disclosures communicate the genuine credit risk profile of the organization, not just the minimum required by the standard.
WHO THIS IS FOR: Commercial banks, development finance institutions, NBFCs, microfinance institutions, insurance companies with significant financial asset portfolios, and corporates with complex financial instrument holdings or treasury operations.
Auditability & Governance
Our frameworks eliminate “black box” reporting by prioritizing total transparency:
- Drill-Through Traceability: Every regulatory figure is traceable back to the source data and the specific calculation logic applied.
- Audit Trail & Documentation: Audit trail is maintained for internal risk teams and regulators.
- Automated Disclosures: Direct generation of mandatory quantitative disclosure templates and movement schedules from the calculated data.
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OUR IFRS 16 ADVISORY COVERS:
→ Lease vs. Non-Lease Component Identification: We conduct a systematic review of all contracts across the organization including property leases, vehicle fleets, IT equipment, machinery, and service contracts to identify which arrangements contain a lease component under IFRS 16 and which represent pure service contracts. We apply the identification criteria rigorously, documenting every assessment with the supporting analysis required for audit defence.
→ Lease Register Design & Population: We design and populate a comprehensive lease register covering all in-scope arrangements capturing commencement dates, lease terms, renewal and termination options, lease payments (fixed, variable, and residual value guarantees), underlying asset classifications, and the judgements applied to lease term determination. The register is structured to serve as both an accounting record and an operational management tool.
→ Discount Rate Determination: The incremental borrowing rate (IBR) is one of the most significant judgements in IFRS 16 and one of the areas of greatest audit scrutiny. We advise on the IBR determination methodology taking into account the lessee’s credit risk, the lease term, the underlying asset, and the currency of the lease and document the IBR derivation process in a format that is transparent and auditor-ready.
→ Transition Calculations & Opening Balance Sheet: We prepare the complete transition calculations applying either the full retrospective approach or the modified retrospective approach calculating opening ROU assets and lease liabilities for every in-scope lease, and preparing the required disclosures explaining the transition approach, practical expedients applied, and the reconciliation from operating lease commitments to lease liabilities recognised.
→ Lease Modification & Remeasurement Framework: Post-adoption, lease modifications extensions, curtailments, renegotiations require remeasurement of the lease liability and consequential adjustment to the ROU asset. We design the governance and accounting framework for managing lease modifications systematically ensuring that every modification triggers the correct accounting response at the right time with adequate documentation.
→ Sale-and-Leaseback Transaction Accounting: For organizations that have entered into or are contemplating sale-and-leaseback arrangements, we advise on the assessment of whether the transfer qualifies as a sale under IFRS 15 and the consequential accounting for the leaseback including the gain recognition rules and the interaction with IFRS 9 where financing elements are present.
→ Ongoing Lease Accounting Operations & Controls: We design the ongoing operational processes and controls for lease accounting covering new lease additions, modifications, terminations, reassessments, indexation adjustments, and impairment triggers ensuring that the lease register and accounting entries remain accurate, complete, and auditor-ready throughout the lease portfolio’s lifecycle, not just at the transition date.
→ IFRS 16 Disclosure Framework: We design the complete IFRS 16 disclosure package covering the maturity analysis of lease liabilities, ROU asset movements by asset class, depreciation and interest charges, short-term and low-value lease disclosures, and qualitative information about significant leasing activities ensuring full compliance with the standard’s disclosure requirements and clear communication to financial statement users.
WHO THIS IS FOR: Retailers with large property portfolios, aviation and logistics companies with aircraft or vehicle fleets, manufacturing companies with equipment leases, financial services organizations with office and branch networks, and any organization where leasing is a material component of the operational or capital structure.
OUR IFRS 16 ADVISORY COVERS:
→ Lease vs. Non-Lease Component Identification: We conduct a systematic review of all contracts across the organization including property leases, vehicle fleets, IT equipment, machinery, and service contracts to identify which arrangements contain a lease component under IFRS 16 and which represent pure service contracts. We apply the identification criteria rigorously, documenting every assessment with the supporting analysis required for audit defence.
→ Lease Register Design & Population: We design and populate a comprehensive lease register covering all in-scope arrangements capturing commencement dates, lease terms, renewal and termination options, lease payments (fixed, variable, and residual value guarantees), underlying asset classifications, and the judgements applied to lease term determination. The register is structured to serve as both an accounting record and an operational management tool.
→ Discount Rate Determination: The incremental borrowing rate (IBR) is one of the most significant judgements in IFRS 16 and one of the areas of greatest audit scrutiny. We advise on the IBR determination methodology taking into account the lessee’s credit risk, the lease term, the underlying asset, and the currency of the lease and document the IBR derivation process in a format that is transparent and auditor-ready.
→ Transition Calculations & Opening Balance Sheet: We prepare the complete transition calculations applying either the full retrospective approach or the modified retrospective approach calculating opening ROU assets and lease liabilities for every in-scope lease, and preparing the required disclosures explaining the transition approach, practical expedients applied, and the reconciliation from operating lease commitments to lease liabilities recognised.
→ Lease Modification & Remeasurement Framework: Post-adoption, lease modifications extensions, curtailments, renegotiations require remeasurement of the lease liability and consequential adjustment to the ROU asset. We design the governance and accounting framework for managing lease modifications systematically ensuring that every modification triggers the correct accounting response at the right time with adequate documentation.
→ Sale-and-Leaseback Transaction Accounting: For organizations that have entered into or are contemplating sale-and-leaseback arrangements, we advise on the assessment of whether the transfer qualifies as a sale under IFRS 15 and the consequential accounting for the leaseback including the gain recognition rules and the interaction with IFRS 9 where financing elements are present.
→ Ongoing Lease Accounting Operations & Controls: We design the ongoing operational processes and controls for lease accounting covering new lease additions, modifications, terminations, reassessments, indexation adjustments, and impairment triggers ensuring that the lease register and accounting entries remain accurate, complete, and auditor-ready throughout the lease portfolio’s lifecycle, not just at the transition date.
→ IFRS 16 Disclosure Framework: We design the complete IFRS 16 disclosure package covering the maturity analysis of lease liabilities, ROU asset movements by asset class, depreciation and interest charges, short-term and low-value lease disclosures, and qualitative information about significant leasing activities ensuring full compliance with the standard’s disclosure requirements and clear communication to financial statement users.
WHO THIS IS FOR: Retailers with large property portfolios, aviation and logistics companies with aircraft or vehicle fleets, manufacturing companies with equipment leases, financial services organizations with office and branch networks, and any organization where leasing is a material component of the operational or capital structure.
A Proven Seven-Phase Methodology. Adapted to Every Standard, Every Organization.
IFRS implementation is not a finance project. It is an organizational change programme. We treat it accordingly.
Successful IFRS implementation demands more than technical accounting expertise. It requires project discipline, cross-functional coordination, stakeholder management, systems and data alignment, and a clear path from the first impact assessment to the first fully compliant reporting period. Our implementation methodology is designed to deliver all of this in a structured, transparent, and client-controlled process.
01
Standards Impact Assessment & Scoping
We begin every engagement with a thorough impact assessment analysing the specific implications of the target standard for your organization’s contracts, financial instruments, leases, or other in-scope items. We identify the high-complexity areas, the data gaps, the systems implications, the judgements that will require documentation, and the disclosure requirements that will apply. The output is a structured implementation roadmap with clear workstreams, milestones, and resource requirements forming the programme plan for everything that follows.
02
Technical Accounting Position Papers
For every material judgement the standard requires measurement model selection, transition methodology, discount rate determination, performance obligation identification, staging criteria we prepare formal technical accounting position papers. These documents set out the applicable standard requirements, the relevant facts and circumstances, the options available, our recommended position, and the rationale. They serve simultaneously as audit defence, regulator communication, and institutional knowledge and they are prepared before implementation decisions are made, not after.
03
Data & Systems Assessment
We conduct a systematic assessment of the data and systems infrastructure required to operationalize the standard identifying what data exists, at what granularity, in which systems, and in what format; what data does not exist and needs to be sourced or created; and what systems changes, interface developments, or new tools are required to support compliant accounting at scale. We produce a data and systems gap analysis with a prioritized remediation plan ensuring that no data or systems issue surfaces mid-implementation as a blocker
04
Accounting Policy Design & Documentation
We draft the formal accounting policies that govern the organization’s application of the new standard covering all material elections, practical expedients, and estimation methodologies. These policies are written to be Board-approved, auditor-reviewed documents that establish a consistent, organization-wide approach and provide the governance framework within which individual application decisions are made. They are not boilerplate they reflect the specific choices made by your organization for your specific circumstances
05
Parallel Run & First-Time Measurement
We manage the parallel run phase operating the new standard framework alongside the existing accounting in parallel, comparing outputs, identifying and resolving differences, refining calculation models, and stress-testing the results against auditor expectations. For standards like IFRS 17 and IFRS 9, this phase is where the theoretical meets the operational and where the quality of the upfront technical work determines how smooth or turbulent the parallel run becomes
06
Disclosure Framework Design & Preparation
We design the complete first-time adoption disclosure framework covering all transition disclosures, comparative period restatements or exemption disclosures, and the full suite of ongoing disclosures required by the standard. We prepare draft disclosures for auditor review and work with the audit team to resolve any technical or presentation questions before the first statutory accounts are finalized. The goal is a disclosure package that is complete, technically accurate, and genuinely informative not a document that merely satisfies the minimum requirements
07
Embedding, Training & Ongoing Compliance Support
Implementation does not end at the first reporting date. We ensure that the new standard is fully embedded in the organization’s accounting processes, control framework, and team knowledge through structured training, documented procedure manuals, updated month-end close checklists, and a formal handover to the internal team. For organizations that want ongoing senior support, we provide a retained IFRS advisory arrangement covering annual assessment of standard changes, accounting for new transaction types, and ongoing technical guidance as the standard evolves through new interpretations and amendments
What a Well-Executed IFRS Implementation Actually Delivers.
The goal is not just compliance. The goal is compliance that is sustainable, auditable, and built to last.
The impact of expert-led IFRS implementation extends well beyond the first compliant reporting date. Here is what our clients consistently experience when IFRS implementation is done properly from the start:
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BROADER STRATEGIC OUTCOMES:
✓ Technical accounting positions are established, documented, and audit-defensible before the implementation is complete eliminating the last-minute audit scrambles that characterize poorly prepared IFRS adoptions and resulting in faster, cheaper, less disruptive audit cycles.
✓ Disclosure quality is genuinely high from day one providing investors, analysts, and regulators with information that is substantive, clear, and complete, rather than defensive minimum-compliance disclosures that invite more questions than they answer.
✓ The interaction between IFRS requirements and regulatory reporting obligations is managed proactively ensuring that adoption of a new standard does not create unintended regulatory reporting gaps, inconsistencies, or trigger regulatory queries about treatment differences between accounting and supervisory figures.
✓ For insurance companies implementing IFRS 17, the actuarial-accounting integration framework we establish creates a sustainable operational model clearly defining ownership, data flows, and governance between the two functions that continues to operate effectively well beyond the initial implementation period.
✓ Systems and data investments made during implementation are purposeful and well-scoped because the data and systems requirements were identified and assessed before implementation decisions were made, not after they were found to be inadequate mid-programme.
✓ Finance teams emerge from the implementation with genuinely enhanced technical accounting capability having worked closely with expert advisors throughout the process, building standard-specific knowledge that makes them more effective in ongoing compliance, accounting for new transactions, and engaging with auditors and regulators with greater confidence.
First-Time
Clean Audit Opinion
Zero
Regulatory Queries on Adoption
Full
Organizational Capability Transfer
For Organizations Where IFRS Is Not Optional And Getting It Wrong Is Not Acceptable
If a regulator, a stock exchange, a parent company, or your own auditors require IFRS the question is not whether to comply. It is how to do it well
Insurance & Reinsurance Companies
Insurers navigating the seismic shift of IFRS 17 whether at the beginning of implementation, mid-programme and encountering technical challenges, or post-adoption requiring ongoing compliance support and assistance with IRDAI regulatory reporting alignment. We are one of the few advisory practices in India with end-to-end IFRS 17 implementation experience.
Banks, NBFCs & Financial Institutions
Financial institutions for whom IFRS 9 is not an accounting adjustment but a fundamental change in how credit risk is measured, managed, and communicated with direct implications for provisioning adequacy, capital planning, regulatory compliance, and the credibility of reported financial performance with investors and supervisors.
Indian Subsidiaries of Overseas Groups
Indian entities reporting to a parent group that requires IFRS-compliant financial information needing expert support to bridge the gap between Indian Accounting Standards and full IFRS, prepare group reporting packages, and manage the dual reporting obligation efficiently and accurately
Listed Companies & Pre-IPO Organizations
Companies preparing for a listing on an exchange that requires or recommends IFRS financial statements, or publicly listed entities adopting a new IFRS standard that will materially affect their reported results and require investor communication about the financial statement impact of the change.
Corporate Groups with Lease-Heavy Operations
Retail chains, aviation companies, logistics operators, and other organizations with large and complex lease portfolios for whom IFRS 16 represents a material balance sheet and income statement event requiring expert support to build a complete lease register, determine appropriate discount rates, and manage ongoing lease modifications at scale.
Organizations with Complex Revenue Models
Technology companies, construction groups, professional services firms, and other organizations whose revenue recognition under IFRS 15 involves significant judgement regarding performance obligations, variable consideration, over-time recognition, or principal vs. agent assessment and requires expert technical guidance to apply correctly and defend to auditors.
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
How early in the process should we engage you before we have made any accounting decisions, or after we have a draft approach?
The earlier, the better and the more valuable our involvement. The most consequential decisions in any IFRS implementation are made in the first third of the programme: which measurement model to apply, which transition methodology to adopt, how to identify performance obligations or classify financial assets, which practical expedients to take. Getting these decisions right from the start with proper technical analysis and documentation is immeasurably less expensive than revisiting them after significant work has been done on the basis of an incorrect or underdocumented position. If you are at the very beginning of an IFRS 17, IFRS 9, IFRS 16, or IFRS 15 journey, that is the ideal moment to bring us in. If you are mid-implementation and questioning a position you have taken, that is still the right time to call.
We are a mid-sized insurer and IFRS 17 feels overwhelming. Where do we even start?
IFRS 17 is genuinely complex and that feeling of being overwhelmed is a rational response to a standard that touches virtually every part of an insurance organization. The right starting point is a structured Impact Assessment: a systematic analysis of your contract portfolio, your data and systems environment, your actuarial function, and your regulatory reporting obligations producing a clear, sequenced implementation roadmap that breaks the programme into manageable workstreams with defined deliverables and milestones. This assessment gives you the programme plan, the resource requirements, and the confidence that the mountain in front of you has a clear path to the top. We have guided organizations through exactly this process and the consistent finding is that a well-structured implementation is far less disruptive than it initially appears, when the right expertise is applied from the start
Can you help with IFRS 16 even if we have already made the transition and just need support with ongoing compliance?
Absolutely and this is a common engagement model. Many organizations completed their IFRS 16 transition with varying levels of rigour, and are now finding that the ongoing compliance process managing lease modifications, new lease additions, indexation adjustments, lease terminations, and reassessments is more demanding than anticipated, with control gaps and accounting inconsistencies building up over time. We conduct a post-transition review that identifies the gaps, corrects the lease register, and designs a sustainable ongoing process that ensures the lease accounting remains accurate and auditor-ready across every future reporting period.
Our external auditors have raised concerns about our IFRS 9 ECL model. Can you help us respond?
Yes and this is an area where independent expert support has a particularly high value. When auditors raise concerns about an ECL model, the response needs to be technically precise, well-evidenced, and presented in a way that directly addresses the auditor’s specific concern rather than reiterating the position they have already questioned. We review the ECL model methodology in detail, assess whether the auditor’s concerns are technically well-founded or whether they reflect a different but equally defensible approach, prepare a formal technical response with supporting analysis, and where appropriate engage directly with the audit team to resolve the technical discussion. We have experience on both sides of these conversations, which makes us effective in navigating them.
Do you help with Ind AS as well as full IFRS?
Yes and the two are closely related. Ind AS is substantially converged with IFRS, and our technical expertise spans both frameworks. We are experienced in the specific differences between IFRS and Ind AS including carve-outs and carve-ins, differences in transition provisions, and areas where regulatory guidance from the ICAI or MCA has provided India-specific interpretations and we advise organizations reporting under Ind AS with the same depth and rigour as those reporting under full IFRS. For organizations that report under both frameworks simultaneously Indian statutory accounts under Ind AS and group reporting under IFRS we can manage both sets of requirements, reconcile the differences, and ensure consistency in the technical positions taken across the two frameworks.
Our external auditors have raised concerns about our IFRS 9 ECL model. Can you help us respond?
Three meaningful differences. First, standard-specific depth with direct partner delivery: our partners personally lead every IFRS engagement from start to finish, rather than supervising a junior team from a distance. You get the expertise you are paying for applied directly to your problems. Second, speed and responsiveness: boutique advisory moves at a fundamentally different pace from a major audit firm our response times, decision cycles, and implementation timelines reflect a practice built around client outcomes rather than internal hierarchy. Third, genuine independence: where your statutory auditors may have constraints on the level of assistance they can provide in preparing accounting positions they will subsequently audit, we have no such constraints meaning we can do more of the actual work, more deeply, and more collaboratively with your team.
