IFRS SERVICES
Enhancing Transparency and Enabling Global Integration with AASC
Overview
As Vietnam advances its roadmap for the adoption of International Financial Reporting Standards (IFRS), IFRS has become more than a regulatory requirement for listed entities. It represents the global financial language that enables enterprises to enhance transparency, access international capital, and strengthen their position in global markets.
The transition from Vietnamese Accounting Standards (VAS) to IFRS is a complex and demanding process, requiring in-depth expertise in international standards, financial and accounting systems, and the Vietnamese legal and regulatory environment. AASC supports enterprises throughout this journey by delivering comprehensive, practical, and reliable IFRS solutions.
Why Choose AASC for IFRS Services?
- Proven IFRS Leadership and Experience
AASC is among the pioneering audit and advisory firms in Vietnam to implement IFRS conversion projects from VAS to IFRS for large state-owned groups and corporations financed by the World Bank, the Asian Development Bank (ADB), as well as foreign-invested enterprises (FDIs).
- Strong Global Network Connectivity
Through HLB International—one of the world’s Top 8 global professional networks—AASC remains fully up to date with the latest IFRS developments and is able to mobilize international specialists to address complex and cross-border IFRS matters.
- Highly Qualified and Experienced IFRS Professionals
AASC’s IFRS experts:
- Hold internationally recognized professional qualifications such as ACCA, CPA Australia, and CIA;
- Possess extensive hands-on experience in addressing VAS–IFRS differences for state-owned groups, public interest entities, and foreign-invested enterprises; and
- Regularly deliver IFRS training programs for corporate clients and professional audiences.
- Deep Understanding of the Vietnamese Regulatory Environment
AASC designs IFRS implementation roadmaps tailored to each enterprise, ensuring feasibility, regulatory compliance, and optimal use of internal resources.
AASC’s IFRS Services
1. IFRS Financial Reporting Advisory
- Assessment of key differences between VAS and IFRS through targeted gap analysis aligned with the client’s core business activities
- Development of a first-time adoption roadmap in accordance with IFRS 1
- Technical advisory on critical IFRS matters, including Fair Value measurement, Impairment, IFRS 9, IFRS 15, and IFRS 16
- Development of IFRS accounting manuals and IFRS-based financial reporting processes
2. Audit of IFRS Financial Statements
- Audit of IFRS financial statements for listing purposes, international financing, and group reporting
- Review of IFRS Reporting Packages for subsidiaries operating in Vietnam
- Assessment of compliance and presentation in accordance with applicable IFRS requirements
3. IFRS Training Services
- Introductory and update training on the IFRS adoption roadmap in Vietnam
- In-depth training by individual standards and by industry
- Practical workshops on conversion from VAS to IFRS
- Customized in-house IFRS training programs tailored to specific corporate needs
Partnering with Enterprises on the IFRS Journey
With a pragmatic approach, a team of highly experienced professionals, and service standards aligned with international best practices, AASC is committed to delivering IFRS solutions that are reliable, effective, and aligned with the long-term strategic objectives of enterprises.
IFRS Advisory Contact
Mr. Do Manh Cuong
eMBA, CIA, FCMA/CGMA, FCCA, FCPA (Australia & Vietnam)
Partner
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+84) 903 256 280