IFRS/US GAAP

Development of market relations and integration of Ukrainian companies into world economy resulted in development of accounting system and its transition to International Financial Reporting Standards (IFRS).

Transition to international financial reporting standards is crucial for attracting foreign investments determining success of market reforms and economic growth.

MGI Consulting renders the following services in area of IFRS and US GAAP:

• Development and implementation of individual transition plan

• Development and test of separate documents prepared in compliance with IFRS and US GAAP: accounting policies, proforma statements, chart of accounts, disclosure formats

• Preparation of individual and consolidated statements

• Preparation of combined statements for companies under general control

• Development of consolidated packages for parent companies

• Protection of IFRS and US GAAP statements before auditors and support of statements while cooperating with investment banks, rating agencies, creditors, investors and other interested parties

• Audit, review and agreed-upon procedures in relation to individual, combined and consolidated statements.