hyphen consultancy partner for ifrs conversion !
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IFRS CONVERSION PARTNER
We exist to help organizations achieve excellence through our insightful perspectives in the areas of Advisory, Assurance, Outsourcing and Technology
Who we are
Company’s snapshot
Dynamic
team
Clients footprint across the
globe
Combined experience
of more than 60 years
Our Vision
Use our expertise to
improve the lives of
peopleWe help organizations make the right
investment decisions to create job growth. We
help improve clients’ processes which could
translate into an extra hour being spent by
parents with their children. We develop
business models through which access to
financial resources is enhanced for the poor.
We provide Internal Audit services and help
clients to develop sustainable business
practices. Practices that improve the bottom
line, while contributing to the economic
prosperity of the country the client operate
within.
Every day through these and utilizing many of
our other expertise we are raising the bar for
individuals and organizations.
Our Values
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Clients Portfolio
Line of services
Advisory Assurance Outsourcing Technology
Strategy
IFRS
Implementation
Risk
Transformation
Public Financial
Management &
Development
Consulting
Capacity
building
Statutory audit
Non-operator
audit
Accounting
Payroll
Vendor
management
Fixed assets
management
Accounting software implementations
Business software development
Hyphen
A reliable partner for IFRS
implementation journey
Why are we well positioned to deliver
Well rounded experienceIFRS
• Currently converting a listed company in KSA to IFRS
• Practical insights on accounting issues of various industries
• Exposure in Financial Reporting, Assurance, Technical Accounting opinions & implementations
Knowledge, application & network
Familiarity with local environment
• Engaged by SOCPA to provide them with an accounting opinion and performed QA review of a Big 4 in Riyadh
• Team members have an experience of performing audits in KSA.
• Liason with Arabic speaking resources
Experience of successful completion of key strategic projects
Strong project management experience
• SOX 404
• Finance Transformation
• Accounting systems implementation
• Governance framework implementation
Ex Big 4 core leadership team with more than 30 years of specific IFRS experience in various environments
Core IFRS team
M Faheem Piracha – IFRS Conversion Leader
FCA,CIMA (UK)
Ex PwC – 17 years of experience
Sector specialist – Telecom, Oil& Gas & Public sectors
Khawaja Tasneem Murad – Subject Mattar Expert
FCA
Ex PwC, EY (KSA) – 23 years of experience
Sector specialist – Petro chemical,Manufacturing & Contracting
Muhamamd Ezaz Ul Haq – IFRS Project Manager
ACA – 4 years of experience
Ex KPMG
Sector specialist – Construction,Services
Extensive experience in Middle East
Our 3 Stage ApproachD
iagno
se
• Identification of all the difference between SOCPA and IFRS
Conv
ert • Accounting policy and
strategic choices
• Skeleton financial statmements
• Engage organization wide stakeholders
• Develop and communicate the roadmap and activity plan with responsibilities
• Gather data
• Prepare IFRS compliant financial statements
Embed • Updated policies,
processes and systems
• Training to all relevant
Standards implementation
Indicative complexity landscape…
Borrowing
Cost
Related
Parties
Zakat/
taxes
OCI
Intangible
Assets
Business
Combination
Investment
Properties
Leases
Inventory
Investments
Fixed
Assets Impairment
Consolidation,
JV’s &
associatesFinancial
Instruments
Derivatives
and Hedging
Employee
Benefits
Implementation Effort/ Complexity
Making IFRS Transformation a success
Critical factors
Flexibility
Governance structure
Organization wide engagement
Meticulous project management
www.hyphenconsultancy.com
Contact info:
Faheem Piracha
+92 345 8503314