01
Manual & Error-Prone
Excel-based conversions are fragile, hard to version-control, and prone to human error that auditors penalize.
Private design-partner programme
Turn local-GAAP ledgers into governed IFRS reporting workpapers.
Verifrs brings source validation, controlled mapping, conversion adjustments, close controls and reporting into one reviewable workspace for finance teams and advisory firms.
Conversion control workspace
01
IAS/IFRS engines
Deterministic, versioned
02
Source-to-report lineage
Every figure traceable
03
EN · FR · AR
Right-to-left ready
The Compliance Bottleneck
Manual IFRS conversion doesn't hold up under audit.
Finance teams still bridge local GAAP to IFRS in spreadsheets. The mechanics work until someone asks how a number was derived — and the workpaper can't answer.
02
Black Box Processes
Outsourced consultants provide results, not rationale. You lose ownership of your own financial logic.
03
Audit Nightmares
Without clear traceability, every audit season becomes a painful, expensive excavation of past decisions.
How it works
From trial balance to governed IFRS report.
Five stages take your statutory ledger to a defensible IFRS reporting package. Every stage produces evidence and enforces separation of duties.
Stage 101
Ingest the trial balance
Import your statutory trial balance from spreadsheet or export. Verifrs validates that debits and credits balance and fingerprints the source so the starting point is fixed and reproducible.
Required control
Immutable source snapshot with an integrity hash.
Stage 202
Map to IFRS
AI-assisted suggestions and deterministic chart-of-accounts presets for Algeria SCF, France PCG, SYSCOHADA, and GCC frameworks propose the IFRS classification. A preparer confirms every mapping.
Required control
Human-reviewed mapping; every account resolved before close.
Stage 303
Post conversion adjustments
Standard engines compute the entries a transition requires — deferred tax, lease recognition, expected credit loss, first-time adoption — as reviewable journals rather than manual overrides.
Required control
Maker proposes, checker approves; nothing posts unreviewed.
Stage 404
Close the period
The adjusted ledger is reconciled and locked. Balances tie back to source, adjustments are accounted for, and the period is sealed against further change.
Required control
Locked period with a complete, dated adjustment history.
Stage 505
Generate governed reports
Produce primary statements, notes, and disclosures with note-to-figure reconciliation, then export to PDF, XBRL, or iXBRL for distribution and filing.
Required control
Note-to-figure reconciliation and full source-to-report lineage.
One governed data model
Everything the conversion needs, governed in one place.
The source ledger, mapping decisions, adjustments and report figures remain connected. A reviewer can follow the work forward or trace a reported number back to origin.
Local-GAAP conversion bridge
Local chart-of-accounts presets accelerate the starting point; a preparer confirms every destination.
Standard engines
Versioned calculations produce inspectable journals and retain the methodology used.
Lineage drill-down
Trace a statement figure through approved adjustments to its source line and evidence.
Bank-grade reporting
Compose primary statements, notes and review packs from one controlled reporting population.
Security & tenant isolation
Organisation isolation, role-based access and attributed activity protect the reporting lifecycle.
English, French & Arabic
Prepare and review in English, French and Arabic with native right-to-left presentation.
Engine-backed workspaces
Structured support across high-impact standards.
Conversion, measurement, and disclosure logic for the standards that drive an IFRS transition — each governed, versioned, and evidenced.
01
IAS12
Deferred tax
02
IFRS1
First-time adoption
03
IFRS9
Expected credit loss
04
IFRS16
Leases
05
IFRS18
Presentation
06
IFRS7
Financial instrument disclosure
07
IFRS13
Fair value measurement
08
IFRS 10
Consolidation & NCI
Transparent product maturity
Clear boundaries build better assurance.
Verifrs labels what is validated, what remains assisted, and what is still being evaluated. The platform prepares evidence for review; it does not replace professional judgement.
Validated core01
Ingestion, mapping review, controls and exports
Deterministic workflow capabilities covered by automated tests and internal verification.
Beta02
AI assistance and specialist calculations
Suggestions and calculations that always require qualified human review and approval.
Labs03
Advanced and externally validated use cases
Capabilities evaluated with design partners before production assurance claims are made.
Regional by design
Professional reporting across three working languages.
The interface, controls and reporting vocabulary are designed for English, French and Arabic teams, including native right-to-left layouts.
Finance and reporting teams
Replace fragile spreadsheet bridges with a repeatable close process.
01IFRS advisory firms
Run consistent engagements while preserving professional judgement.
02GCC and North Africa
Local chart-of-accounts context with English, French and Arabic workflows.
03Make every IFRS number explainable.
Join the private design-partner programme to evaluate Verifrs with your reporting process and approved answer sets.