International Financial Reporting Standards (IFRS)

How we can help 

Growing numbers of companies and organisations in Vietnam are adopting International Financial Reporting Standards (IFRS). The benefits of IFRS include enhanced comparability and improved transparency of financial reporting. IFRS financial statements are generally accepted by users in a large number of countries around the world.

Most emerging economies adopting IFRS Standards see a reduction in their cost of capital. IFRS Standards provide companies with a passport to gain access to almost every capital market in the world, including those in Europe and the United States; and when a company adopts IFRS Standards, it is making a public commitment to the highest standards of financial information and investor protection.

However, the introduction and implementation of major new standards brings with it its own set of challenges.  Companies converting to new accounting standards tend to underestimate what is involved, particularly in terms of time and resources.

CAF Vietnam is committed to working with you to provide practical application guidance in implementing these standards. Our continued conversations with regulators and industry experts allow us to bring the right insight and experience to help you stay up-to-date with the changes.

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