Accounting and Reporting Advisory – IFRS, LUX GAAP and US GAAP has been saved
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Accounting and Reporting Advisory – IFRS, LUX GAAP and US GAAP
Regulatory, technological, and business complexities are driving finance and accounting teams to re-evaluate their accounting policies, processes, controls, and systems. Do you have an advisor you can trust to stay ahead of the game?
Staying ahead of new financial reporting requirements can be difficult—particularly for companies that do not have in-house resources to address complex accounting and disclosure matters. The complex accounting decisions organizations make can have a profound impact on how they are evaluated by stakeholders—and their overall financial stability.
To enhance confidence in the accounting decisions made by Finance leaders, Deloitte provides a pragmatic, business-oriented approach that considers the holistic impact to stakeholders and the organization.
New accounting standards implementations
On-call advisory services
GAAP conversion
Accounting opinions, remediation and compliance
Training programmes
New accounting standards implementations
Assurance services which address risks and improve reporting capabilities, as well as help you adopt and maintain compliance with the new accounting requirements.
From assessing business impacts on operations and financial statements to changes in accounting policy, Deloitte can assist you with your implementation roadmap for IFRS, Lux GAAP or US GAAP implementation and transitions.
Key support areas include:
• Financial instrument accounting assurance (IFRS 9)
• Lease accounting assurance (IFRS 16)
• Revenue recognition assurance (IFRS 15)
• Insurance accounting assurance (IFRS 17)
On-call advisory services: LUXGAAP, IFRS and US GAAP
Assurance services providing access to the depth and breadth of Deloitte's technical professionals to assist with addressing the complex Luxembourg Generally Accepted Accounting Principles (LUXGAAP), International Financial Reporting Standards (IFRS), and US GAAP accounting issues.
Our team of experts ranging from various industry backgrounds and accredited from numerous professional bodies have an overwhelming plethora of knowledge and experience to accompany you in all your reporting issues.
Services are on an “on-call” basis, making them flexible and scalable, and include:
• Accounting events
• Strategic transactions
• Accounting policy choices
• New accounting standards implementations (IFRS 9, IFRS 16, IFRS 17, IAS 19, etc..)
• Financial reporting
• Business combination and merger operations
• Financial instrument issuance (bonds, convertible debts, derivatives, preference shares, etc..)
• Risk modelling
• Valuation
GAAP conversion
Assurance services that help businesses assess the impact of adopting new reporting frameworks on financial statements.
Key assistance areas include:
• Financial statement impact assessment
• Development of methodological framework for adoption
of, or transition from, different reporting frameworks
• Implementation of information systems
Accounting opinions, remediation and compliance
Assurance services that assist with addressing complex accounting issues and includes services such as the production of accounting memo with the analyzing the relevant aspects of the transaction and white paper development to support accounting policy changes, benchmarking of financial reporting against peer groups, and opinions on accounting positions.
Our specialists can support you in the assessment of transactions or agreements with an accounting memo analyzing relevant aspects in the light of applicable accounting frameworks.
Our team also regularly assists clients in remediation programs, financial statement restatements. We adopt a pragmatic approach to enable you minimize the risk of future potential of future financial restatements and avoid costly errors.
Training programmes
Our dedicated and experienced team can provide trainings on specific standards tailored to your industry on-site or in our own premises at D.Square. We complement our training program with online courses, which can be followed by your employees at their own pace and take into consideration their individual knowledge levels. An online assessment facilitates the initial assessment of competencies and allows for ongoing monitoring of the progress made.
Please find further information regarding our IFRS training library.
Access our online accounting platform
Deloitte has developed an online database complementing IFRS standards with commentary and a wide range of technical Q&As, practical scenarios, industry publications, and model financial statements.
Please find further information regarding registration to the platform.
Our technical page - A proven experience and expertise
At Deloitte Luxembourg, we have a range of high caliber experts who are available to provide you tailor-made solutions to your issues. Our experts comes from various industry backgrounds and holds accredited certifications namely Réviseurs d'Entreprises Agréé, ACCA, DipIFR and CPA amongst many other certifications. With a network of member firms scattered across more than 150 countries across the globe and the IFRS Centre of Excellence Accreditation conferred to Deloitte Luxembourg by the Deloitte Global IFRS Leadership Team, we have the proven competence and ability to be your trusted advisor.
For hot topics impacting current financial reporting issues, keep up to date with our technical page.
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