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SOCIAL
Over 100 countries now use International Financial Reporting Standards, a number that is set to rise to around 150 countries over the next five years. If you are an ambitious, internationally-active growing organisation with plans to expand into overseas markets, you need precise, tailored advice on IFRS.
International expansion plans often involve cross-border acquisitions or joint ventures abroad, raising international debt finance, developing relationships with private equity houses or raising capital from the equity markets, whether at home or abroad. Such transactions are increasingly likely to call for a detailed understanding of IFRS.
With the approval from the Ministry of Finance on the Vietnam Financial Reporting Standards roadmap in Decision 345/QD/BTC, it is now essential for eligible entities to begin preparations towards International Financial Reporting Standards (IFRS) compliance, and to be open to opportunities for business transformation. Accordingly, the roadmap divides the IFRS implementation into 3 stages: IFRS readiness preparation ( from 2019 to 2021); the IFRS pilot implementation ( from 2022 to 2025) will put IFRS into practice in some companies have been selected by MoF and the IFRS compulsory implementation ( from 2025 onwards) will be compulsory for some companies.
In RSM Vietnam, we have experts in IFRS who have participated in developing to adopt IFRS for companies in Vietnam. The IFRS experts within RSM Vietnam will support and guide your business through a range of potentially complex IFRS issues.
Our IFRS services (comprising full IFRS and the IFRS for SMEs) include:
VAS to IFRS conversion;
IFRS audit services;
Complex accounting advisory services;
IFRS training and update.
Ms. Hoang Thi Vinh
Audit Director
P: 0988 139 091
E: vinh.hoang@rsmhanoi.com.vn
