The Public Accounting profession in Venezuela and important local regulatory agencies have established a plan for formal adoption of International Financial Reporting Standards (IFRS).
Adoption of IFRS by a company is a complex process of transition and adaptation that goes beyond identifying and adjusting differences between IFRS and the accounting principles in use. These standards may represent in many cases a new approach to assessing transactions and businesses.
Espiñeira, Pacheco y Asociados offers you the advantage of its experience with IFRS and the global network of PricewaterhouseCoopers specialists.
Furthermore, many companies, due to corporate requirements or other regulations, prepare financial information under US GAAP.
Generating information periodically under US GAAP is an equally complex process that imposes additional demands for ongoing training of personnel and, in many cases, for adapting IT systems.
Espiñeira, Pacheco y Asociados offers you a team of professionals that are highly experienced with US GAAP conversion processes, as well as the support of specialists from the global network.