International Financial Reporting Conversion Services
INTERNATIONAL FINANCIAL REPORTING CONVERSION SERVICES (IFRS) Connecting Vietnamese accounting standards with global reporting requirements Amid international economic integration, a growing number of businesses
Why this matters
Connecting Vietnamese accounting standards with global reporting requirements.
Amid international economic integration, a growing number of businesses in Vietnam need to prepare financial statements under International Financial Reporting Standards (IFRS) or other international accounting standards to meet the requirements of parent companies, investors, credit institutions and global partners.
Converting financial statements from Vietnamese Accounting Standards (VAS) to IFRS is not merely an adjustment of figures — it requires deep understanding of accounting principles, financial policies and presentation requirements under international practice.
With a team of experienced accounting, audit and financial advisory professionals, we provide financial statement conversion services to international standards, helping businesses build a transparent, consistent reporting system that meets the requirements of stakeholders worldwide.
When does a business need financial statement conversion?
- Reporting to a foreign parent company or group.
- Preparing to raise capital from international investors.
- Carrying out mergers and acquisitions (M&A) transactions.
- Preparing for listing on domestic or overseas stock exchanges.
- Meeting the requirements of banks, investment funds or international financial institutions.
- Preparing for IFRS adoption under Vietnam's roadmap.
What’s included
- Reviewing current accounting data and financial statements.
- Identifying material differences between VAS and IFRS.
- Making the conversion adjustment entries.
- Preparing a full set of financial statements under IFRS.
- Standardizing figures to group requirements.
- Converting financial statements to the parent company's accounting standards.
- Supporting the preparation of management reports and consolidation reports.
- Assessing the impact of IFRS on the business.
- Developing and standardizing accounting policies under IFRS.
- Supporting the adoption of new IFRS standards.
- Preparing working papers for the audit.
- Explaining conversion adjustments to the auditors.
- Helping resolve issues arising during the audit process.
- Training the in-house accounting team on IFRS.
- Guiding the preparation and maintenance of financial statements under international standards.
- Supporting the business through the implementation and operation phases.
Who it’s for
Why choose Clarity for this
- Ensuring the accuracy and consistency of figures.
- Compliance with accounting standards and international practice.
- Absolute confidentiality of clients' financial information.
- Timely support throughout the engagement.
- Partnering with businesses on their journey of international integration.
Our commitment & responsibility
We commit to professional responsibility on every engagement — including legal liability and compensation should an error on our part occur. Your financial, personal and ownership data is handled under strict confidentiality and in line with Decree 13/2023/NĐ-CP on personal data protection.
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