From 2009 the International Financial Reporting Standards are the accounting standard in Ecuador.

IFRS Project

Baker Tilly International and its member firms have developed the IFRS PROJECT.

Project aim at guiding their clients to the conversion process to IFRS and it is described as follows:

a. Training the staff.
b. Development of training programs for our clients.
c. Development of work programs for the assessment of the convergence.
d. International recruitment of professionals, within the network, with knowledge and experience in the application of IFRS.

Our IFRS Projects has been developed at a regional level, within a complex plan of training and focuses on the IFRS but it adapts to the reality of each country.

Our Firm developed a first international training seminar with experienced speakers in countries where the IFRS are used. We have adapted the training material as they agree with the local regulations.

IFRS Services offered by Baker Tilly Ecuador

The complexities of conversion require a lot of work hours and a specialization in many subjects at once. Our mission is to support our clients towards an efficient convergence, considering the impact of the standards on tax issues.

Baker Tilly Ecuador can offer its clients a complete service on the conversion process. We offer our clients a conversion process of four stages:

1. 1. Preliminary Diagnostic
2. 2. Detailed Planning
3. 3. Implementation
4. 4. Post Implementation Review

The tools used in the process are Pentana Checker® and a methodology proved around the world that assures a fast and non traumatic transition.

In addition to, we offer an integral training local and International and consultancy in aspects derived from this process.