Specific accounting reports

Companies operating on the Romanian market can apply accounting standards that are different from the local ones (Romanian Accounting Standards or RAS) - either out of a legal obligation (i.e., companies that are listed on the stock exchange and which, according to the law, must apply International Standards of Financial Reporting or IFRS), or voluntarily (i.e., at the request of the group they belong to or of top management).

The transition to different standards involves significant and potentially disruptive procedural changes, and it can also have tax implications due to the differences between IFRS and RAS provisions. RSM experts facilitate this change process by transposing local financial statements, changing accounting treatments, and clarifying procedural changes.