IFRS Accounting Standards
IFRS Financial-Statement Drafting
A coherent IFRS statement set built from management-approved balances, policies, judgements and evidence—without adding permanent reporting capacity.
When the service fits
IFRS architecture for a defined reporting problem.
The engagement is suited to private entities and groups that have approved accounting records but need disciplined statement architecture, note drafting and a controlled review cycle.
- 01A complete first draft is needed from an approved trial balance and schedules.
- 02Policies, judgements and disclosures need an IFRS-specific refresh.
- 03A group needs consolidation, foreign-currency or non-controlling-interest presentation.
- 04A transaction, adoption or restatement requires a separately scoped reporting workstream.
Drafting output
Statements, disclosures and unresolved matters remain distinguishable.
The standard output can include primary statements, comparative information, accounting policies, note disclosures, cross-references, tie-out to the approved trial balance and an issues register. Recognition, measurement, impairment, valuation and tax questions are not hidden inside presentation work.
Judgement-heavy areas such as IFRS 9, IFRS 15, IFRS 16, IAS 12, IAS 36 and IAS 37 affect complexity and are confirmed during scoping. First-time adoption, acquisitions, disposals, listed reporting and major restatements require an explicit workstream.
Information readiness
What management should have available
Approved financial information
Current and comparative trial balances, lead schedules, consolidation information where applicable, and reconciliations for material accounts.
Management-owned accounting positions
Approved policies, estimates, impairment conclusions, going-concern assessment, related-party information and material judgements.
Prior reporting and reviewer context
Prior-year statements, external-review comments, known changes in the entity or group and the required reporting timetable.
Specialist evidence
Tax, valuation, actuarial, legal or other specialist inputs where the statements rely on expertise outside the drafting scope.
Engagement boundary
Drafting does not replace management or the auditor.
Executive Compass does not provide an audit, review, assurance conclusion, independent accountant's report, legal opinion, tax opinion or valuation. External reviewers remain independent and may require additional evidence or changes.
Management is responsible for completeness, accounting estimates, going concern, approval of policies and the final statements.
Scope before drafting
Confirm the entity structure, judgement areas, evidence and review environment.
A confidential scoping conversation establishes whether the information is ready and which IFRS complexity gate applies.