Accounting Advisory Services

Helping you navigate through complex accounting and times of exceptional change

Delivering value and confidence

A sea change in accounting standards is upon us, and navigating through it can prove tricky - especially with compliance deadlines looming. In many cases, preparing to adopt these standards will mean making sweeping changes across your business processes and systems.

A holistic approach that leads to long-term benefits

Our Accounting Advisory Services team helps clients that are going through periods of exceptional change, perhaps driven by completing a transaction, an alteration in their business or regulatory change, like the new International Financial Reporting Standard (IFRS) requirements.

Many of the new standards leave room for interpretation, so applying best practices will save you time and money. We can offer you a holistic approach that makes the most of the experience of our global network, our technological solutions and our industry expertise.

I want to:

“The impact of the new accounting standards is unique to the individual circumstances of each company. Our approach is to provide solutions tailored to our client’s requirements that bring our local and global expertise and enabling technologies.”

- Paul Feetham, Partner, Accounting Advisory Services, Toronto

Time to take action

If you haven't already started the process, the time is now. An ideal first step on your journey to adopt any of IFRS 9, 15 and 16 is a conversation with us. You’ll likely need to deal with these standards, so it’s important to identify which will have the greatest impact on your business.

Related insights

Financial Reporting Release — September 2018

Financial Reporting Release — September 2018

The last decade or more may have been dominated by Canada’s conversion to IFRS, efforts to improve accounting standards in the wake of financial scandals, and an illfated attempt at global GAAP harmonization, but these are rapidly becoming fading memories of a distant era. The main themes controlling the conversation now are about improving the quality of financial reporting more generally, including the 80% of it that lies outside the financial statements, whether the information needs of investors are being properly balanced against the cost to public companies, and the emergence of non-financial reporting issues, such as climate change. In this edition of the Financial Reporting Release, you’ll see these themes popping up again and again.

Contact us

Paul Feetham
Partner, Accounting Advisory Services, Toronto
Tel: +1 416 365 8161