Unlike Japanese accounting standards that we have been familiar with, IFRS is adopted considering the company's business under the principle-based approach and financial statements are prepared in accordance with IFRS. Conducting audit of financial statements based on IFRS depends on how much we understand about our clients.

BDO has devoted itself to fully understanding clients' business details and environment so as to provide valuable services. We believe that our audit approach encouraging engagement partners to make frequent visits to clients based on their needs will contribute to enhancing our audit of IFRS-based financial statements.

In auditing for companies that have or are planning to adopt IFRS, we actively assign IFRS members as audit staff in order to support audit teams. Consisting of professional experts in each standard, the IFRS Advisory Division provides information to solve issues by sharing opinions with audit teams when there are issues related to IFRS.

In addition, we are supported by the extensive networks of BDO International. BDO International has their experience and expertise to conduct audit of financial statements based on IFRS and support IFRS implementation. We can use most of the information provided by BDO International including practical worked examples.

<Achievements as of June 2024>

IFRS Audits

6 domestic listed companies (including 2 companies that adopted IFRS when it went public)
Many foreign companies (referrals from overseas)