The Classic Partners LLP
IFRS Implementation Services
Support for adopting International Financial Reporting Standards (IFRS), whether for global reporting, group consolidation, or cross-border investment and listing.
Discuss IFRS AdoptionWhat is IFRS Implementation?
IFRS are globally recognised accounting standards used for financial reporting across many countries. Implementation involves converting your accounting and reporting to comply with IFRS.
Indian groups with overseas parents or investors, and companies seeking foreign listing or funding, often need IFRS financial statements. We manage the conversion, policy alignment, and disclosures required.
Who Needs IFRS Implementation?
- Indian subsidiaries of IFRS-reporting parent companies.
- Companies seeking overseas listing or investment.
- Groups consolidating across multiple countries.
- Businesses reporting to foreign lenders or investors.
Our IFRS Implementation Services
Conversion Roadmap
A clear plan to move from local GAAP to IFRS.
Impact Assessment
Identifying key differences and their effect.
Policy Alignment
Drafting IFRS-compliant accounting policies.
Restatement
Restating financials to the IFRS framework.
Group Reporting
Aligning with parent-company reporting packs.
Training
Building your team's IFRS capability.
Why Choose The Classic Partners
- Qualified Chartered Accountants with hands-on audit and assurance experience.
- End-to-end support — from documentation and verification to final reporting.
- Timely delivery so you meet statutory and lender deadlines without stress.
- Transparent fees and a single dedicated point of contact.
Frequently Asked Questions
What is the difference between IFRS and Ind AS?
Ind AS is India's standards converged with IFRS, but with certain carve-outs. IFRS is the international framework itself, often required for global reporting and listings.
Why would an Indian company need IFRS financials?
Typically for reporting to an overseas parent or investor, for group consolidation, or when seeking foreign listing or funding that requires IFRS statements.
How long does IFRS conversion take?
It depends on size and complexity. After an impact assessment we provide a realistic timeline covering policy changes, restatement, and disclosures.
Does IFRS use fair value extensively?
IFRS applies fair value in several areas such as financial instruments and certain assets, which can change reported values compared with cost-based local GAAP.
Can you align our reporting with our parent company?
Yes. We work with your parent's IFRS reporting requirements and group packs so your financials consolidate cleanly.
Need IFRS reporting support?
Get end-to-end help converting to and reporting under IFRS.
Contact Us