Financial reporting is undergoing through tremendous changes. The International Accounting Standards Board has been revising International Accounting Standards (IFRSs) and issuing out new IFRSs. The most recent being IFRS 16 on leases and IFRS 15 on revenue recognition from contracts with customers SKM’s Accounting Advisory Services team provides a broad range of services on the application of IFRSs including preparation of IFRS group accounting policies, analysis of the treatment of specific transactions in accordance with IFRSs, advisory relating to financial instrument/hedge accounting, and IFRS training.

In addition, we provide guidance on issues relating to the Companies Act, 2015 on accounting practice, including the interpretation of accounting provisions as well as answering current issues arising in practice.