IFRS Advisory Services
In Colombia, IFRS are known as NIIF —both refer to the same global financial reporting standards issued by the IASB, distinct from U.S. GAAP.An essential service for the successful implementation and application of International Financial Reporting Standards (IFRS).
The International Financial Reporting Standards (IFRS) establish the framework for preparing and presenting financial statements in entities that operate in global markets or have international interests.
Their purpose is to improve transparency, comparability, and quality of financial information, facilitating sound decision-making and access to global funding sources.
However, adopting IFRS is not a simple task.
It requires a deep transformation of a company’s culture, financial processes, and information systems, as well as in-depth knowledge of accounting principles and ongoing regulatory updates.
Accurate interpretation and application of these standards are essential to ensure compliance and consistency across all levels of reporting.
At JyM Contadores, we provide comprehensive and personalized IFRS advisory services, combining technical expertise, practical experience, and a commitment to excellence.
Our team is composed of certified IFRS professionals with broad experience across multiple sectors —from multinational corporations to SMEs and public entities.
Through our advisory, your company will not only comply with legal IFRS obligations in Colombia, but also align its accounting and finance practices with international standards, enhancing performance, transparency, and investor confidence.
IFRS Diagnostic and Implementation
We begin with a diagnostic review to assess your current level of IFRS compliance and identify existing gaps.
Based on this analysis, we design and implement a customized adoption plan tailored to your company’s size, structure, and industry.
Our experts guide you through every phase of the transition to ensure a smooth, accurate, and sustainable conversion to IFRS.
IFRS Training and Updates
We offer continuous updates on regulatory changes affecting IFRS both locally and internationally.
Our training programs combine theoretical and practical sessions to build the necessary skills for applying the standards correctly.
We train both accounting personnel and executive teams, ensuring that all decision-makers understand the financial and strategic implications of IFRS adoption.
Preparation of IFRS Financial Statements
We assist in preparing and presenting financial statements under IFRS, in full compliance with internationally accepted accounting principles.
Our team handles recording, analysis, and interpretation of financial data, as well as the preparation of notes and disclosures required by each specific standard.
This ensures clarity, consistency, and accuracy in every report.
Industry-Specific IFRS Advisory
We provide specialized consulting according to your sector and operational context.
Our experience covers manufacturing, commerce, services, construction, transport, energy, telecommunications, healthcare, and education, among others.
We also advise on business valuation, asset impairment, mergers and acquisitions, financial instruments, and deferred taxes, ensuring that IFRS principles are applied effectively across all financial events.
Key Benefits of IFRS Implementation
Organizational Strength and Added Value
- Increase your company’s market valuation.
- Improve access to international financing.
- Strengthen competitive advantages and differentiation.
- Boost profitability and operational efficiency.
- Build trust and credibility among investors and stakeholders.
How We Implement IFRS in Your Organization
Why Choose JyM Contadores
Over 35 years of professional experience in financial consulting and audit.
A multidisciplinary team of certified IFRS specialists.
Proven methodologies and advanced technological tools.
A personalized approach committed to client success from start to finish.
Guaranteed accuracy, transparency, and client satisfaction.