Today’s markets demand from information preparers and decision makers the need to prepare financial information using international accounting frameworks such as IFRS.

At Russell Bedford we are prepared to support your company’s finance, financial consolidation, financial reporting or executive staff through training sessions, initial diagnosis of differences between the local (IFRS) and international (IFRS) frameworks, development of chart of accounts, accounting policies and the opening balance sheet under IFRS, as well as support in technical consultations on the treatment of business operations under IFRS.

Once your staff is trained and your company has completed the adaptation through an orderly process of IFRS implementation, our Firm will be able to accompany you permanently in the long term to keep them updated and solve all the questions that may arise when your company is already living under IFRS.

The transition from Mexican FRS to IFRS represents several challenges that the Firm and its experts can accompany to mitigate risks in the adoption process. The natural steps will be 1) train your staff, 2) make the transition itself; and 3) maintain what has been implemented.