Financial reporting

Find updates, news and checklists related to financial reporting/IFRS

Tell your story effectively and transparently to all your stakeholders

Good reporting offers a window into the culture of the organisation. Recent years have seen a stronger emphasis placed on reporting quality, with tighter regulation and rising demands from stakeholders. Companies must work harder than ever to tell their story. From fast-growing start-ups to established multinationals, we work with companies to help them communicate clearly and effectively.


Our approach

Demands for greater financial transparency and proof of organisational sustainability are coming from many sides, including regulators, investors, and other stakeholders. The result: today’s reports are expected to go beyond reporting financials and embrace strategy, quality of governance, remuneration schemes, and even the organisation’s impact on the environment, employees, society and other stakeholders. 

This growing list of requirements has already placed a heavy burden on leadership teams and is likely to expand further. At Forvis Mazars, we have a strong track record helping our clients to meet – and exceed – the very latest corporate reporting standards. 

We bring together a team of professionals combining financial reporting and accounting knowledge with non-financial reporting expertise to deliver a pragmatic business approach. 

We regularly support our clients offering them integrated solutions in the following areas: 

Financial aspects

  • Implementing new accounting standards
  • Addressing complexities arising from proposed new accounting standards and guidance
  • GAAP conversions
  • Mergers and acquisitions
  • Consolidations support
  • Group reorganisations
  • Complex consolidations
  • Financing structures
  • Capital reductions
  • Purchase price allocation valuations
  • Share-based payment valuations
  • Pension scheme arrangements
  • Infrastructure projects

Non-financial aspects 

  • Developing non-financial, integrated annual reports
  • Assisting with establishing corporate governance risk disclosures
  • Collecting and collating nonfinancial data to support reporting to management, the board and external disclosures
  • Identifying key performance indicators
  • Providing support on developing integrated reporting frameworks

Our “Beyond the GAAP” monthly newsletter highlights our approach and our expertise, offering insights into the thinking of national and international accounting standards bodies plus other organisations that can affect corporate reporting such as securities regulators.


Our tools & solutions

We have a continuous innovation process to design and develop bespoke tools and solutions that support our work and help us provide more value and better insights. How we can assist: 

  • IFRS services:
    • Financial statement reviews
    • IFRS advise and memorandums
    • IFRS opinions
  • IFRS for SMEs services 
  • JSE Listings Requirements
  • Training and webinars

JSE Accreditation

Forvis Mazars is accredited with JSE Limited to perform IFRS advisory services for listed companies. Forvis Mazars has two internal IFRS advisors, Suzanna de Jager and Justine Combrink, who specialise in International Financial Reporting Standards.


Our people

We have professionals dedicated to the analysis of emerging accounting and corporate reporting standards, familiar with regulatory requirements in different parts of the world and with extensive experience across different industries.

Members of our team meet regularly with policymakers, participate in industry working groups and collaborate as one global, integrated team to share knowledge and best practice, meaning we are well placed to be proactive in advising our clients on the forthcoming standards and their implications.

Please download latest checklists and documents below:


IFRS Guidance - Standards and interpretations issued and not yet effective
Levels of control
SA Supplementary checklist for non-listed entities
SA Checklist for JSE short-form announcements
REIT Checklist entities listed on the JSE
Disclosure Checklist - SA supplementary checklist for JSE listed summarised financial statements Apr 2021.
Disclosure checklist - SA Supplementary checklist for JSE listed entities - Apr 2021
Metamorphosis of Cash to Crypto

Metamorphosis of Cash to Crypto

Currencies have evolved from barter transactions to precious metals, such as gold and silver coins, to money backed by gold, to the most recent known transition, the fiat currency. What is next? In recent years, there has been an uptake in the use of crypto currencies as a method of payment with large corporations such as Pick ‘n Pay even accepting it as settlement for goods bought - does this mean that it is cash?

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The new agreed-upon procedure standard (ISRS 4400 (revised))

With an effective date of 15 January 2022, the new agreed-upon procedures standard International Standard on Related Services (ISRS) 4400 (Revised) is not new to practitioners. Although the standard does not provide any assurance it does create new opportunities.

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The new agreed-upon procedure standard (ISRS 4400 (revised))
IFRS Tip of the month

IFRS Tip of the month

My client did not consider whether there was a significant increase in credit risk as they believe the financial instrument has a low credit risk…. is this correct and what does low credit risk mean in context of IFRS 9 Financial Instruments (‘IFRS 9’)?

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JSE Proactive Monitoring Report: Limited Scope Thematic Review– October 2022

The JSE’s proactive monitoring report from its limited scope thematic review was published in October with going concern, liquidity risk and cash flow statement disclosures being the focus areas. We take a closer look at the main findings identified from the review.

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JSE Proactive Monitoring Report: Limited Scope Thematic Review– October 2022
Hot off The Press!

Hot off The Press!

Liquidity Risk Maturity Analysis: Lease liabilities back in.

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When borrowing costs is not your friend

The impact of borrowing costs on the cash flow statement.

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When borrowing costs is not your friend
IFRS Believe it or not: Restatement of Comparatives

IFRS Believe it or not: Restatement of Comparatives

IFRS requires what is commonly referred to as a third balance sheet when a preparer reports an error, a change in accounting policy or a reclassification that affects the Statement of Financial Position.

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Proposed changes to SMEs

The exposure draft on the IASB’s proposed amendments to SMEs is out! In a nutshell:

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Proposed changes to SMEs

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