Accounting Advisory Services - Ernst & Young - Poland

Accounting Advisory Services

Our team will help you solve complex accounting and financial reporting problems. We have experience of accounting for and identifying accounting implications of diverse transactions and issues arising from the requirement to prepare financial statements in accordance with:

• Polish Accounting Principles - in accordance with the Accounting Act and regulations issued in pursuance thereof;
• International Financial Reporting Standards (IFRS);

Our services include:

• advice on interpretation and application of accounting and reporting requirements in relation to individual business transactions;
• IFRS transaction advisory services;
• support with implementation of International Financial Reporting Standards and conversion of reports in accordance with the requirements imposed by those standards;
• support with identification of changes in accounting principles which affect the entity's financial statements and the group's consolidated financial statements;
• support with application of new and revised standards and interpretations;
• identification of necessary changes in IT systems resulting from changes in accounting principles;
• analysis of compliance of the accounting policy with accounting standards;
• updating of the accounting policy and/or the charter of accounts;
• developing usable financial statement templates according to IFRS tailored to the specific profile of a business;
• identification of areas where financial statements fail to fulfil the requirements imposed by the standards and/or depart from leading practices for preparing financial statement;
• support with designing bookkeeping processes;
• employee training.

We are also responsible for developing specialist publications on the latest changes in accounting principles which affect the running of a business.

2009 – the reporting revolution

Beginning in 2009, a number of changes to IFRS will come into effect. In that year, listed companies will be required to analyse all changes which will affect their accounting and reporting systems. See how we can help you.