Translation of international financial statements

Why entrust the translation of international financial statements only to experts?

Financial statements aggregate the accounting documents regularly prepared by a company to ensure financial compliance. Each company must provide them to meet the transparency obligations and demonstrate the accuracy of its heritage situation. They are presented in successive periods to determine the economic result of the year.

Financial statements are an essential official document for businesses. They must therefore be treated with the utmost rigour in the translationphase. But which companies need to use international financial statement translation services?And for what reason?

The main beneficiaries of this service are companies that operate internationally. These include banks, financial intermediaries, insurance companies and publicly traded companies. These companies have one thing in common. They must all comply and comply with the accounting parameters and principles established by international bodies such as the IASB (International Bureau of Accounting Standards).

Translation of IAS and IFRS financial statements

Any company operating in Europe is required to comply with a common accounting rules system. Hence the requirement to have international financial statements translated into other languages, including English. The translation of financial statements in line with international accounting principles such as the IAS (international accounting standards) and THE IFRS (international financial reporting standard) enhances the image of The company. In addition, it provides an assessment to stakeholders. The translation of this accounting document is therefore a business card to improve the reputation on an international scale.

These complex content requires high specialization. Even a qualified financial translator must have extensiveaccountingknowledge. The above compliance rules require accounting firms and translators of international financial statements to constantly update their knowledge.

Recommendations for choosing financial statement translation services

If you have found a trusted translator, we recommend that you keep it preciously. There are two reasons for this. First,translation agencies that are really specialized in this sector are rare (we are one of them!). Second, financial statements can be prepared quarterly, semi-annually or annually. Over time, a document can be edited or completed. It is essential to respect the consistency of terminology between the different versions. Entrust changes or additions to a single vendor to ensure consistency, compliance, accuracy and quality of translations.