IFRS is not merely a change in accounting policies. It has potentially major effects on accounting systems, operational processes, financial reporting, citizen perceptions, performance management tools, financial standing and risk management.

Any approach to IFRS must be probabilistic rather than deterministic. The secret behind good IFRS implementation is the way that you do it not in highlighting accounting issues. We can help you in building a seamless and workable solution using our highly skilled NHS and international expertise. We use a proven project managed approach that leaves you not only with the boxes ticked but also with sustainable structures, processes and relationships to ensure that you have tackled all the problems and made the most of the opportunities. At present UK NHS reporting is based on UK GAAP, which in turn is based on over 50 standards and commentaries; IFRS relates to over 60 standards and commentaries.

Our consultants have actual experience of implementing IFRS. They adopt a knowledge sharing approach that leaves your staff enabled and empowered and ensures that you have confidence in your processes, structures and accounts. The end result is a finance department that is fit for purpose.

Servicers provided by Public Sector Consultants include:

The benefits of our services are:

• our experienced and skilled consultants minimise your learning curve
• consultants with varying skills and experience are available on a flexible basis, as and when they are needed by you
• the client has total control and flexibility as they determine the level of our involvement and retain full ownership
• the budget can be agreed so that there are no hidden costs
• the client has no long term commitment to employing dedicated staff on the payroll
• the client has the backup and support of Public Sector Consultants, which includes our multi-disciplinary experience and
  support models