IFRS & US-GAAP Reporting

Shimony Financial Services specializes in the preparation and editing of financial statements for both private and public companies traded in Israel, the US, and other global markets. Following the 2009 clarification by the Israel Securities Authority on auditor independence—specifically regarding assistance in preparing and editing financial statements for audited companies—external auditors are prohibited from editing financial statements they audit. This shift increased the demand on in-house finance teams, many of which previously relied on auditors for statement preparation.

Our firm offers experienced and professional financial statement editing services for public companies, utilizing a dedicated department that handles all related financial and regulatory requirements. This comprehensive service may include transitions between accounting principles or GAAPs (such as Israeli standards, US-GAAP, IFRS) as well as changes in presentation or reporting currency. We provide complete drafting and editing of financial statements in Hebrew and/or English (in any required currency), along with the preparation of working papers and position memos. For companies preparing for IPOs, SPAC entries, or mergers and acquisitions, we offer thorough support throughout the prospectus preparation and reporting process.

Our reporting services are delivered in close collaboration with external auditors—often from the Big 4 firms—ensuring that each accounting and professional issue is thoroughly reviewed with the audit team and the professional department, maintaining alignment with all regulatory standards and deadlines.

Type of Clients
who use our
IFRS & US-GAAP Reporting services