In a globalized world, Companies have understood that prepare and present audited financial statements and in line to the International Financial Reporting Standards (IFRS) will enable then to compete in new markets worldwide as “international players”.
This new situation demonstrates that the adoption of IFRS is much more than just a matter of adjusting numbers. These changes oblige the Company to take a 180 degree turn in its main operating processes to align with the new accounting and financial information requirements.
