Panacea WFS prepares IFRS financial statements and group consolidations for entities in Oman and the GCC. We draft the statements and disclosures, build consolidation workings, and support valuations and impairment testing, so your accounts are ready for the auditor and the board.
What we do
- IFRS financial statements and full disclosure drafting
- Consolidation and group reporting, including intercompany eliminations
- Valuations and IFRS impairment support
- Technical accounting papers and IFRS advisory on new or complex transactions
- Deferred tax workings aligned with your tax computations
- Audit support schedules and responses to auditor queries
Built for audit and the board
We work to your year-end timetable and hand over statements with indexed supporting schedules. Where a standard or transaction needs judgement, we set out the position in a short technical paper you can share with your auditor.
Experience behind the work
Our leaders have prepared IFRS group accounts for Oman’s electricity holding group and built multi-entity IFRS reporting models for a listed oil marketing group.
Frequently asked questions
Do you carry out the statutory audit?
No. We prepare the financial statements and supporting schedules. The statutory audit is carried out by your appointed auditor, which keeps the preparation and the audit independent.
Can you help with a single complex issue rather than the full accounts?
Yes. Many clients ask us for a technical paper on one transaction, an impairment test or a consolidation model on its own.
Start with a free consultation. Email consult@panaceawfs.com with a short note on what you need, and a senior advisor will come back to you with the right engagement model and a fixed or hourly quote.