Financial reporting in the Azerbaijan is changing. IFRS reporting is expected from companies by most of investors. Companies reporting under IFRS will have to consider the commercial, taxation and accounting implications of the changes.
Companies which adopt IFRS will also need to consider the changes being brought about by the introduction of IFRS 15 on accounting for revenue. Whichever accounting frameworks your organisations adopt, at BDO we have the skills and expertise to deliver support and advice on their first time adoption or on specific accounting treatments.
This type of engagement is regulated by the International Standard on Related Services (ISRS) 4410, Engagements to Compile Financial Statements. The rate of change in financial reporting does not slacken – but we can keep you informed about the nature of the changes and help you understand their impact on your business.