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International & offshore

Managing audits and dealing with multi-jurisdictional tax matters of multinational operations is the core of Moore Stephens Hunaudit 2000 Könyvvizsgáló és Gazdasági Tanácsadó Kft The scope of the network's global client management extends, therefore, beyond the delivery of compliance services to advising on international business structures and planning to minimise tax liabilities.

The International Financial Reporting Standard for Small and Medium sized Entities – or IFRS for SMEs – should considerably ease the financial reporting burden for businesses which do not have public accountability.

IFRS for SMEs can be used by most businesses (depending on jurisdiction) who publish general purpose financial statements but do not have public accountability – approximately 95% of all businesses. IFRS for SMEs is considerably less complex than full IFRS, making financial statements more user friendly and more cost-effective to produce.

There are a number of potential benefits of adopting IFRS for SMEs, including:

  • reducing compliance costs;
  • making financial statements less complex and more user friendly;
  • improving access to international funding, currently a critical issue for many businesses;
  • enhancing the comparability of financial statements.

How can Moore Stephens Hunaudit 2000 Könyvvizsgáló és Gazdasági Tanácsadó Kft help?

Transition to IFRS for SMEs can be simple and cost effective if the appropriate planning is put in place. Moore Stephens will advise you on the implications of the new standard, help you decide if it is the right move for your business and then assist in the implementation. Moore Stephens is in the forefront of the implementation of IFRS for SMEs, so has an in-depth knowledge of its application.

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