Accounting & Technical Services

Today’s financial reporting requirements are complex. If you need help resolving a specific or complex accounting issue, we can provide you with timely and expert advice from both a technical compliance perspective and a commercial business perspective.

We are skilled in ensuring the consistent interpretation of accounting standards and know how to get the best results to meet your requirements. Our team has in-depth expertise in best practice controls, International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and Special Purpose Financial Reporting (SPFR).

Through our international network, we have access to expertise in interpreting and applying Australian Accounting Standards and regulatory requirements.

If financial reporting is a concern, Nexia’s financial reporting advisory specialists can provide you with the technical accounting advice and assistance to navigate any challenges.

What is IFRS?

IFRS stands for International Financial Reporting Standards. It’s a set of accounting rules and standards that determine how accounting events should be reported in your business’s financial statements. Issued by the International Accounting Standards Board (IASB), IFRS aims to make financial statements consistent, comparable, and transparent across the world.

IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.

Accounting standards for for-profit entities are based on International Financial Reporting Standards (IFRS) and are referred to as New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).