August 24, 2026
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IFRS Consulting Services Ireland
Irish businesses need accurate financial reporting, appropriate accounting policies and reliable technical support when applying International Financial Reporting Standards. Finsoul Ireland provides professional IFRS Consulting Services Ireland for SMEs, larger companies, international groups and organisations dealing with complex financial reporting matters. Our support covers IFRS compliance, technical accounting, implementation, reporting reviews and specific accounting standards.
Our service helps finance teams deal with accounting judgements, reporting changes, group requirements and year-end responsibilities. We work with management and finance professionals to assess accounting treatments, review documentation and establish practical reporting processes. Businesses can engage us for a specific technical matter, a wider implementation project or continuing advisory support.
Why Do Businesses Need IFRS Consulting?
IFRS reporting can become more complex when businesses grow, enter new markets, acquire another company or introduce new contractual arrangements. Group structures, financing transactions, leases, revenue arrangements and financial instruments can all create accounting matters that require specialist assessment. Changes to reporting standards also require advance planning. IFRS 18 is particularly relevant for businesses preparing for future reporting periods. It replaces IAS 1 and applies to annual reporting periods beginning on or after 1 January 2027. The standard introduces requirements relating to the presentation of profit or loss, defined subtotals, management-defined performance measures and the aggregation and disaggregation of information. Our IFRS consulting support helps management assess these requirements and determine the actions required. We can also assist finance teams with technical accounting questions, accounting policies, reporting reviews and audit preparation.
Our IFRS Consulting Services
We provide professional support across technical accounting, implementation and financial reporting. Each engagement focuses on the standards, transactions and reporting requirements relevant to the business.
IFRS Advisory Services
Our advisory service provides practical assistance with IFRS requirements, accounting policies and technical accounting matters. We review the facts surrounding a transaction and assess the appropriate accounting treatment. Support can include accounting policy advice, treatment reviews, financial reporting guidance and management discussions. We can also prepare documented accounting conclusions where management needs a clear record for internal governance or audit purposes.
IFRS Implementation
New reporting requirements can affect accounting policies, processes, data collection and financial reporting. We assess current arrangements and identify changes required to meet the relevant standard. Our implementation support can include readiness assessments, gap analysis, policy development, process changes and implementation planning. We can also work with finance teams during the transition and review the results before reporting deadlines.
IFRS Financial Reporting
We support the preparation and review of IFRS financial statements, including accounting policies, disclosures and presentation requirements. Our review considers the relationship between accounting records, financial statement presentation and supporting information. We can assist with year-end reporting, disclosure reviews and identification of areas that require additional evidence or management judgement. This gives finance teams an additional review before submission to auditors or other stakeholders.
IFRS Technical Accounting
Complex transactions can require detailed analysis of recognition, measurement, presentation and disclosure. Examples include acquisitions, restructuring, financing arrangements and unusual contractual terms. We assess the relevant accounting requirements and document the reasoning behind the recommended treatment. Technical accounting papers can also support discussions with auditors, management and internal governance functions.
IFRS 9 Consulting
IFRS 9 includes requirements for financial instruments, classification and measurement, impairment and hedge accounting. We can review financial instrument arrangements and assess the accounting approach used by the business. Our support may cover expected credit loss assessments, impairment matters, hedge accounting and related disclosures. We can also review relevant accounting policies and supporting calculations.
IFRS 15 Consulting
Revenue accounting requires careful assessment of contracts, performance obligations, transaction prices and the timing of revenue recognition. Our support examines the commercial terms and accounting processes used by the business. We review revenue arrangements and identify areas where the accounting treatment may require clarification or supporting documentation. Contract modifications and variable consideration can also be assessed as part of the engagement.
IFRS 16 Consulting
Lease arrangements can affect assets, liabilities, profit or loss and financial statement disclosures. Our support covers lease identification, right-of-use assets, lease liabilities, discount rates and related reporting requirements. Businesses using IFRS 16 lease accounting processes can receive support with lease data, calculations, accounting entries and controls. We can also review IFRS 16 software arrangements to assess whether lease information supports accurate reporting and appropriate record keeping.
IFRS 17 Consulting
Insurance businesses face specific accounting and reporting requirements under IFRS 17. We provide support with insurance contract accounting, measurement models, reporting procedures, disclosures and transition matters.
The scope of the engagement depends on the insurance products, reporting structure and existing accounting processes. We can support finance teams with technical assessments and reporting documentation.
IFRS 18 Consulting
IFRS 18 introduces changes to financial statement presentation and disclosure. The standard includes defined subtotals in the statement of profit or loss, requirements for management-defined performance measures and new principles for the aggregation and disaggregation of information.
We can assess the impact on existing reports, identify required changes and support transition planning. This can include reviewing reporting formats, management information and disclosures before the first IFRS 18 reporting period.
IFRS for SMEs
The IFRS for SMEs Accounting Standard has specific reporting requirements for eligible entities. We can assess the applicable framework and review accounting policies, financial statement preparation and reporting procedures.
Support can include transition assessments, accounting policy reviews and financial statement checks. This helps businesses maintain consistency between their accounting records and the reporting framework they apply.
Consolidation and Group Reporting
Group reporting requires consistent accounting treatment across subsidiaries, associates and joint ventures. We support parent companies with consolidation procedures, intercompany transactions and group reporting processes.
Our work can include reviewing reporting packs, consolidation adjustments and the treatment of group transactions. We can also assess reporting procedures used by individual entities within a wider corporate structure.
IFRS Conversion Services
Businesses moving from another accounting framework to IFRS need to identify differences in accounting treatment and reporting presentation. We assess the existing framework against relevant IFRS requirements.
Conversion support can include gap analysis, accounting adjustments, comparative information, opening IFRS balance sheet preparation and conversion documentation. Finance teams receive a clear record of the changes required for the transition.
Who Needs IFRS Consulting?
IFRS requirements can apply to businesses with different ownership structures, reporting obligations and operational models. Our services can support:
Irish SME
Large companies
Listed companies
Parent companies
Financial services businesses
International groups
Organisations adopting new IFRS requirements
Businesses preparing for transactions
Subsidiaries of multinational groups
Companies undergoing restructuring
Businesses can also arrange an Irish IFRS consultation when they need an independent view on a specific accounting matter, reporting requirement or upcoming standard.
How Can IFRS Consulting Support Your Business?
Good financial reporting depends on consistent accounting decisions, suitable documentation and effective review procedures. Our service helps finance teams address technical matters before they create larger reporting or audit issues. The work can support clearer accounting policies, improved reporting accuracy and stronger internal controls. It can also help management understand the financial reporting effect of significant transactions and changes to accounting requirements. Key benefits include:
Improved reporting accuracy
Clearer accounting policies
Better management information
Reduced reporting risk
Better audit preparation
Stronger internal controls
Better compliance with applicable IFRS requirements
More consistent group reporting
Our IFRS Consulting Process
Our process gives businesses a clear structure for reviewing accounting requirements and completing agreed actions.
What Information Do We Need for IFRS Consulting?
The records required depend on the nature of the engagement. Providing relevant information at the start allows the review to focus on the accounting issue without unnecessary delays.
Latest financial statements
Trial balance
Existing accounting policies
Previous audit reports
Group reporting requirements
Accounting schedules
Contracts and agreements
Lease information
Revenue arrangements
Financial instrument information
Fixed asset records
Consolidation information
Existing IFRS assessments
Internal reporting procedures
For an IFRS accounting review, we may request additional documentation relating to the transaction, standard or reporting judgement under assessment.
IFRS Standards We Support
Our technical support covers a wide range of IFRS Accounting Standards and IAS requirements, including:
- IFRS 2, Share-based Payment
- IFRS 3, Business Combinations
- IFRS 5, Non-current Assets Held for Sale and Discontinued Operations
- IFRS 9, Financial Instruments
- IFRS 10, Consolidated Financial Statements
- IFRS 11, Joint Arrangements
- IFRS 15, Revenue from Contracts with Customers
- IFRS 16, Leases
- IFRS 17, Insurance Contracts
- IFRS 18, Presentation and Disclosure in Financial Statements
- IAS 1, Presentation of Financial Statements
- IAS 2, Inventories
- IAS 7, Statement of Cash Flows
- IAS 12, Income Taxes
- IAS 16, Property, Plant and Equipment
- IAS 36, Impairment of Assets
- IAS 37, Provisions, Contingent Liabilities and Contingent Assets
- IAS 38, Intangible Assets
The applicable requirements depend on the entity, reporting framework and individual transaction.
IFRS Consulting Cost in Ireland
The cost of professional IFRS support depends on the size of the business, reporting complexity and scope of work. Indicative fees are shown below:
| Engagement | Indicative Cost |
|---|---|
|
IFRS assessment
|
€2,000 to €6,000+
|
|
IFRS gap analysis
|
€2,500 to €7,500+
|
|
IFRS implementation
|
€5,000 to €20,000+
|
|
Technical accounting support
|
€150 to €350+ per hour
|
|
Financial reporting review
|
€2,000 to €8,000+
|
|
Ongoing IFRS advisory
|
€1,500 to €6,000+ per month
|
Disclaimer:Fees vary according to company size, number of standards involved, group structure, available records, reporting complexity and project scope. An Irish IFRS consultation can help establish the likely scope and level of support before a formal quotation is prepared.
IFRS Reporting Challenges We Can Help Address
Finance teams can face specific accounting problems that require technical review. We can assist with:
Complex accounting treatments
New IFRS requirements
Reporting inconsistencies
Disclosure gaps
Group consolidation issues
Technical accounting judgements
Audit queries
Revenue recognition matters
Lease accounting
Financial instrument accounting
Our work focuses on the accounting issue itself and the evidence needed to support the resulting treatment.
Why Work With Finsoul Ireland?
Finsoul Ireland provides IFRS support for businesses that need technical knowledge, financial reporting experience and clear documentation. Our team works alongside existing finance and management functions and keeps the engagement focused on the reporting requirements identified at the outset.
- Experienced IFRS professionals
- Technical accounting knowledge
- Financial reporting expertise
- Practical IFRS guidance
- Clear documentation
- Audit support
- Business-focused advice
- Ongoing reporting support
Our service can complement internal IFRS accounting functions when finance teams require specialist input for complex matters or reporting projects.
Note: The above-mentioned services are provided via network firms if not provided directly
Ongoing IFRS Advisory Support
Businesses may need technical accounting assistance throughout the financial year rather than only at year-end. Ongoing support provides access to professional input when accounting questions, new transactions or reporting changes arise.
Support can include:
- Regular IFRS reviews
- New standard assessments
- Accounting policy updates
- Technical accounting queries
- Financial reporting support
- Year-end assistance
- Audit support
For businesses considering an Irish IFRS consultation, an ongoing arrangement can provide continuity across reporting periods and reduce the need to address recurring accounting questions from scratch.
Speak to Our IFRS Consulting Team
If your business needs support with a technical accounting matter, reporting review, IFRS implementation or a new reporting requirement, our team can review the situation and explain the available service options. Finsoul Ireland provides practical IFRS consulting support for Irish businesses, groups and international organisations operating in Ireland.
Frequently Asked Questions
What is an Irish IFR consultation?
An Irish IFR consultation provides businesses with professional support on IFRS reporting matters relevant to their operations in Ireland. The discussion can cover accounting treatments, reporting requirements, financial statements, technical accounting issues and upcoming changes to applicable standards.
What does IFRS 15 HTK Consulting cover?
IFRS 15 HTK Consulting can support businesses with revenue recognition assessments, contract reviews, performance obligation analysis, transaction price calculations and revenue timing. The service can also address contract modifications and related financial reporting requirements.
Can you help with IFRS implementation?
Yes. We can support readiness reviews, gap analysis, accounting policy development, process changes, implementation actions and reporting checks. The work can cover a single standard or a wider reporting project.
Do you support IFRS 15 and lease accounting?
Yes. Our services cover revenue recognition under IFRS 15 and lease requirements under IFRS 16. We can review contracts, accounting treatments, supporting calculations, lease records and relevant disclosures. Businesses using IFRS 16 software can also request a review of their lease data and reporting processes.
Can you review our IFRS financial statements?
Yes. We can review IFRS financial statements for accounting treatments, presentation, disclosures and consistency with the applicable reporting requirements. The review can focus on specific areas or form part of a wider year-end reporting engagement.
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