Financial Statements. IFRS

Financial Statements. IFRS

Successful entrance to the international markets for trade and capital is not possible without proper preparation of its own financial statements, its transparency and compliance with international and national standards and regulatory requirements.

Gryphon Group has many years of experience in providing services for the preparation and preparation of financial statements in accordance with IFRS and Generally Accepted Accounting Principles or Standards (GAAP (National Standards)), business positioning to IFRS and their first application.

In this practice we offer:

  • Advisory services on:
    • organization and accounting records maintenance
    • preparation of financial statements in accordance with IFRS and GAAP (National Standards)
    • the formation of financial statements in accordance with IFRS and GAAP (National Standards) and recognition of certain complex economic transactions in the accounts
  • Recovery and accounting records setting
  • Development and implementation of the accounting policy taking into account business specifics and regulatory requirements
  • Preparation of annual, quarterly, interim financial statements in accordance with IFRS and GAAP (National Standards), as well as other compulsory (tax and statistical) reporting
  • Outsourcing of accounting services
  • Development of primary documents forms and their introduction into economic activity
  • Support in the process of getting from GAAP (National Standards) to IFRS and their first application
Lilia Garachkovska

Head of Audit,

Tax Consulting,

IFRS, Auditor


The markets in which we operate

Banking and finance

Stock market



Construction and real estate

Services we offer

Трансформація фінансової звітності

Аудиторська компанія Gryphon Audit супроводжує процес переходу компаній та першого застосування МСФЗ, а також навчає ведення обліку та складання фінансової звітності за міжнародними стандартами. 〈 “Перше застосування МСФЗ: кроки переходу”, про тренінг Gryphon Academy детальніше… 〉 На сьогоднішній день складати фінансову звітність за міжнародними стандартами зобов’язані: публічні акціонерні товариства, банки, страховики, фінансові установи та інші підприємства. […]

Accounting policy

The accounting policy that takes into account all the peculiarities of business conduction, economic activity and individual transactions is a key factor in ensuring the unified approach to statutory accounting and financial statements, as well as additional protection before the tax authorities. The introduction of the effective accounting policy that takes into account the latest […]

System integration (Automation)

Automation of business processes has become an integral part of everyday activities of each company. Accounting for an unlimited number of transactions within the shortest possible period of time, reducing the risk of a technical error, effectively creating managerial and financial statements as well as the possibility of obtaining current information about the state of […]

Statutory audit of financial institutions

Gryphon Audit’s certified auditors and tax advisers provide a full range of audit-related services (mandatory and voluntary audits) of financial statements for financial institutions, including money transfer companies, payment institutions, factoring, insurance, leasing companies, as well as companies that raise funds for construction. Under this practice, we carry out: Comprehensive analysis and review of financial […]


Gryphon Audit provides services on accounting under International Financial Reporting Standards (IFRS), as well as Ukrainian national standards.

HR Audit

Gryphon Audit combines experts in accounting, taxation and auditing. All our specialists have extensive practical experience in implementing and using accounting and tax reporting systems in compliance with international standards.

Financial Statements Audit

Gryphon Audit certified auditors and tax advisors provide a wide range of services connected to auditing, consult on accounting, tax reporting, taxation and analyses of business activity, as well as reconstruct accounts and do bookkeeping.

Managerial Accounting

Gryphon Audit experts carry out independent inspections and assessments of companies. The purpose of internal auditing is to help improve management efficiency, and to provide data analysis and evaluation as well as recommendations.