Financial Reporting

Financial Reporting

The increasing complexity of financial reporting and the rapid pace of change has led to a significant increase in demand for expert accounting advice.

The financial reporting challenge is driven by developments in International Financial Reporting Standards (IFRS), with significant changes across many areas starting from the year 2009, and further waves of change expected in the coming years.

Key topics include:

  • Financial instruments
  • Segment reporting
  • Borrowing costs
  • Share-based payment
  • Business combinations

Many of these changes also apply for entities continuing to adopt Irish Generally Accepted Accounting Principles (GAAP) and the standards convergence process is also well under way.

Our focus is on providing technical accounting advice to our clients that is practical and commercially astute.

BDO has considerable depth of knowledge across all forms of financial reporting, including Irish/UK GAAP, IFRS and US GAAP. We can draw on the experience of our colleagues globally to help ensure that your financial reports are compliant and truly reflect the business of your company.

IFRS Reporting


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In corporate transactions, achieving the right accounting treatment often has an important influence on the structure and outcome of that transaction. It is critical that correct accounting treatment is in place at an early stage of a transaction as there will inevitably be an impact on the future balance sheets, income statements and possibly taxation aspects of the transaction.

Financial Reporting Advisory (FRA) is an advisory service on specific accounting matters and for individuals preparing financial statements.

The scope of services available within FRA is wide ranging. We advise on the following accounting areas:

  • Irish GAAP
  • International Financial Reporting Standards (IFRS)
  • The Companies Act 2009.

Within the areas listed above, there are a range of services that we can provide to our clients as follows:

  • accounting opinions on the application of Irish GAAP and IFRS
  • IFRS conversion projects
  • accounts preparation for first time adoption of IFRS
  • drafting disclosures on the adoption of individual accounting standards (eg IFRS 7 or IFRS 8)
  • training client staff on specific accounting matters
  • preparing technical presentations on specific accounting matters.

Financial reporting advisory solutions

The increasing complexity of financial reporting and the rapid pace of change has led to a significant increase in demand for expert accounting advice.

The financial reporting challenge is driven by developments in International Financial Reporting Standards (IFRS), with significant changes across many areas starting from the 2009, and further waves of change expected in the coming years. Key topics include financial instruments, segment reporting, borrowing costs, share-based payment and business combinations. Many of these changes also apply for entities continuing to adopt Irish Generally Accepted Accounting Principles (GAAP) and the standards convergence process is also well under way. Our focus is on providing technical accounting advice to our clients that is practical and commercially astute.

The need for financial reporting advice is often driven by wider concerns, such as mergers and acquisitions, IPOs, significant system changes and new products or business strategies. Working as part of a multi-disciplinary team, we can provide seamless project support, incorporating financial reporting advisory solutions to our clients.

Financial Reporting

In a world of ever evolving accounting standards, our experienced team of professionals can help ensure that your financial reporting obligations are fulfilled. BDO has considerable depth of knowledge across all forms of financial reporting, including Irish/UK GAAP, IFRS and US GAAP. We can draw on the experience of our colleagues globally to help ensure that your financial reports are compliant and truly reflect the business of your company.

Regulation Reporting Assurance

Regulatory compliance is becoming increasingly complex and the power and reach of key regulators is ever widening. Within such a regulatory framework, companies are encouraged to strive for the following:

  • regulatory compliance within financial and non-financial reporting
  • financial reporting that applies both the spirit and the letter of law
  • strong corporate governance
  • compliance that is congruent with the company’s commercial objectives and risk management strategies.

We are very prominent within our profession and have a wealth of experience with regulated businesses which is underpinned by our sector specialist approach. We are uniquely placed to provide advisory and assurance services to regulated businesses in order to help manage regulatory risk.

  • A deep understanding of current and future regulatory requirements.
  • Assurance that regulatory requirements are met.
  • Independent assurance of regulatory and financial reporting, including audit of regulatory reporting and compliance.
  • Assistance in developing appropriate corporate governance.
  • Advice and assistance in becoming authorised by a regulator.
  • Benchmarking of compliance processes, internal control and quality of reporting.

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Systems Control Review & Reporting

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By combining our knowledge of financial, strategic, operational and compliance risks with our deep internal controls experience, we can help you assess your internal controls and develop a risk-focused internal control program that will help enhance your process and control efficiencies and address your reporting and regulatory compliance needs. 

Teresa Morahan

Teresa Morahan

Partner and Head of Audit at BDO Ireland, Head of Global Technology, Media and Telecommunications
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Brian-Hughes-partner-bdo-ireland

Brian Hughes

Partner, Financial Services Audit, BDO Dublin
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