Expert GAAP & IFRS Conversion Services with OSBOS

The globalization of businesses has greatly increased the need for organizations to adopt internationally recognized financial reporting standards. Among the most widely used frameworks are International Financial Reporting Standards (IFRS) and US GAAP (Generally Accepted Accounting Principles). With growing emphasis on transparency and high-quality reporting, specialized expertise is crucial — and this is where OSBOS provides valuable support.

OSBOS specializes in GAAP and IFRS conversion services, which involve restating financial statements to comply with global accounting standards. Such conversions are essential for activities like raising equity or debt in foreign markets, or during cross-border acquisitions where alignment of financial statements is required. We also offer ongoing IFRS/US GAAP consulting services to keep clients updated with evolving international accounting requirements.

Key Activities

• Conducting preliminary evaluations to identify accounting gaps and assess the impact of conversion

• Assisting organizations with first-time adoption of Ind AS, IFRS, or US GAAP

• Preparing financial statements converted in line with global standards

• Delivering training programs on US GAAP and IFRS conversion techniques to build in-house expertise

• Supporting the preparation of mandatory disclosures for new accounting frameworks

• Performing documentation audits to ensure accuracy and compliance

• Creating comprehensive diagnostic reports to guide the conversion process

• Providing expert accounting perspectives across frameworks such as US GAAP, Indian GAAP, IFRS, and Ind AS

• Offering technical accounting training to client teams

• Assisting with the implementation of new accounting standards

With OSBOS, organizations gain a trusted partner for accurate, compliant, and efficient international financial reporting, ensuring smooth adoption of global accounting standards.