International Financial Reporting Standards

The International Financial Reporting Standards (formerly know as International Accounting Standards ) will become a requirement for listed EU companies in 2005. As the year 2005, is rapidly approaching us, it is time to consider the impact of the compliance to International Financial Reporting Standards. It is expected that other (non-listed) companies in and outside Europe will follow. making IFRS one of the leading reporting standards in the wold. IFRS is also gaining more prominence within the Netherlands Antilles and Aruba
Conversion to IFRS from Dutch accounting principles or other locally accepted principles can have a major impact on the way your business is done.

KPMG has extensive experience in providing services for enterprises reporting under IFRS and can assist you in IFRS implementation and in doing so, help you to seize the opportunity provided by IFRS. Our acknowledged approach is stable, tailored to individual needs and uses tested methodologies and tools. Developed jointly between business consultants and accountancy practitioners, it is designed to help address the critical workstreams: accounting and reporting, business impact, systems/processes, and people issues.

For more information about IFRS, please contact Victor Bergisch at bergisch.victor@kpmg.an