Nyansa regularly assist clients with all of their accounting and financial reporting needs. Accurate financial statements are a key commercial tool and our clients expect us to understand their businesses and rely upon us to keep them up-to-date with constant changes in legislation.
The Institute of Chartered Accountants (Ghana) has decided to give two years moratorium for compliance with IFRS. Therefore all financial statements ending 31 December 2015 will have to comply with IFRS for SMEs. Consequently the Ghana National Accounting Standards is still an acceptable accounting framework until further notice by the Institute.
We can advise large corporate clients on the conversion to IFRS, including producing reports on the key changes, providing assistance with restructuring accounting records and valuations. We can also assist in drafting IFRS-compliant financial statements for small to medium size entities.