Understanding and translating IFRS into practice is the continuous focus of my job. The interpretation of a reporting issue may not be the same for everyone involved. I help to elaborate reporting questions; the outcome is determined by IFRS requirements. Check the IFRS standards for specific questions remains important because the IFRS wording is not always straight forward. For ambiguous issues and in case of any doubt, I double check guidance books of a big four audit firm on regular basis.

The boundary of my work often depends on the needs of my clients. For some clients, I need to gather more detailed, often quantitative information, in the process of drawing financial statements or in other cases support on specific questions or tasks. I support my clients until we finalised the job. I provide skills and experience for the proper application of IFRS and related quantitative breakdowns if these are needed. For complicated reporting issues, skills may be required that other professionals have from their specific jobs, like valuations of assets and liabilities for business combinations or share-based payments. Depending on my assignment, I may use the reports of these professionals and supports that the content of these reports become an integral and logic part of the financial statements according to the IFRS requires.