With globalization and cross-border transactions, many Indian companies are required to prepare financialstatements under international accounting standards. We provide conversion audit services to ensure accuratetransition and compliance.

Conversion Services:

• Gap analysis between existing and target accounting framework
• First-time adoption adjustments
• Restatement of comparative financials
• Audit of converted financial statements
• Training and ongoing advisory

Standards Covered:

• Indian GAAP to Ind AS conversion
• Indian GAAP to IFRS conversion
• Indian GAAP to US GAAP conversion
• Quarterly and annual reporting under new standards

Key Areas of Focus:

• Revenue recognition adjustments
• Financial instruments classifi cation
• Lease accounting transitions
• Business combination accounting
• Fair value measurements

Ideal For:

• Companies with foreign subsidiaries or parents
• Businesses planning overseas listing
• Entities receiving foreign investment
• Companies preparing for M&A transactions