All EU listed companies had to apply International Financial Reporting Standards (IFRS) in their financial statements by 2005.
IFRS is more than just a technical accounting exercise, it became an important business priority. We understand how the IFRS revolution has a significant impact on financial statements, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance.
At Nexia Poyiadjis and in Cyprus, IFRSs have been a practice for many years now. Initially, IFRSs were required by the Institute of Certified Public Accountants and now they are also required by local legislation. It is therefore implied that there is a local expertise in interpreting and in applying the IFRSs.