a) IFRS 18

From 1 January 2027, that ends. IFRS 18 Presentation and Disclosure in Financial Statements replaces IAS 1 for annual periods beginning on or after that date. The IASB’s Chair, Andreas Barckow, describes it as “the most significant change to companies’ presentation of financial performance”. Many finance teams have filed IFRS 18 under “presentation only”. That is an expensive assumption.

b) New Standards Implementation

TAS assists corporates in the implementation of new financial standards by giving guidance and training to their Finance departments. The TAS technical team will be there every step of the way to ensure the successful implementation of the new IFRS standards.

c) Training

TAS offers Continuous Professional development to Accounting professionals in the Private Sector and these are;

• Training on new standards.
• Refresher trainings on standards.

d) Complex transactions Advisory

TAS is also actively involved in complex transactions advisory where we recommend the right way to account for complicated transactions in compliance with IFRS. The advisory services are tailor made for each organization and sector.

e) Financial Statements Review

Review of Financial statements for compliance with IFRS is another service offered by TAS.