The introduction of the International Financial Reporting Standards (IFRS) is one of the most important conditions for successful integration into the global business community and global capital markets. In essence, this is an international unified business “language”. Reporting prepared in accordance with IFRS, allows for free communication to companies, shareholders and investors from different countries.
Valuation for IFRS purposes is a required condition for the transition of Belarusian companies to the International Financial Reporting Standards (IFRS).
Valuation for IFRS is a procedure for determining the value of the company’s assets or the entire business in accordance with International Financial Reporting Standards and International Valuation Standards. The need for such an assessment appears when presenting financial and accounting reports under the international financial reporting standards.
Realconsulting LLC has vast experience in revaluation of fixed assets for the purposes of IFRS. All our revaluation reports have been successfully verified by and presented to our clients' auditors.