Hi guys,
Need some guidance as I'm unable to find the right information online.
Our company adopted the IFRS standards something like 20 years ago. Now, we are trying to transition from IFRS to our country´s local standars, which differ a lot from the IFRS standards.
Is there a specific IFRS standard about this particular circumstance?
Thanks for your help!
Cheers.
IFRS to local standard transition
Re: IFRS to local standard transition
More likely you need to look at the local GAAP because that'll have transitional rules like IFRS does.
Re: IFRS to local standard transition
yep, that should be dealt with by your local GAAP
BTW, why do you want to transition back to local GAAP?
BTW, why do you want to transition back to local GAAP?