Pieter van der Zwan & Associates
We are specialist IFRS advisors. Our clients get high-quality advice from an advisor with whom they can build a close long-term personal working relationship.
Services
We offer tailored IFRS solutions to our clients. Our clients can expect balanced views that combine technical excellence, commercial insight and the personal touch of a trusted advisor.
Consultation on IFRS
It is necessary to understand the options available in terms of accounting standards before structuring a transaction or arrangement. We can guide you through this process.
IFRS Opinions
IFRS is inherently complex and requires judgement to apply. We prepare opinions on the application of IFRS to specific transactions or arrangements.
Financial statements quality review
We perform detailed reviews of financial statements for compliance with IFRS disclosure requirements.
Assistance with queries from auditors or regulators
IFRS requires judgement and insight as to the commercial substance of arrangements. These interpretations may be subject to disputes. We assist entities to respond to queries from auditors and regulators to minimise such disputes.
Advice on the implementation of new standards
IFRSs are dynamic and change regularly. We assist entities to consider the impact of new standards and interpretations on their businesses and implement changes if required.
Expertise
We advise on the application of IFRS in a wide range of industries. The industries, transactions and areas in which we have experience include:
Investment funds
Real estate
Agricultural
Financial services
Mergers and acquisitions
Corporate reorganisations
Financing arrangements and leases
Employee share incentives
Infrastructure assets
Consolidation and reorganisation
Revenue recognition from various business model
Clients
We aim to build a long-term working relationship with each client. Our regular clients include:
Small and medium entities that apply IFRS for SMEs
Medium to large corporates that apply IFRS
International groups
Accountants and auditors
Law firms
Governments (including tax authorities)
Prof Pieter van der Zwan
Pieter is a chartered accountant (CA(SA)) who holds a master’s degree in commerce (tax). He is an associate professor at a South African university. He is the author of chapters in various textbooks, peer-reviewed articles, and articles in industry publications. He has been practicing as an independent advisor since 2010. He serves on technical committees of various professional bodies.
articles
IFRS 10: A simple matter of control?
IFRS 10 Consolidated Financial Statements (‘IFRS 10’) governs the presentation of consolidated financial statements that represent the affairs of a parent and its subsidiaries as a single economic unit. The consolidation accounting model is centred around control. An...
Accounting for VAT on leases
The accounting treatment of VAT was considered by the IFRS Interpretations Committee (the IFRIC) during some of its meetings in 2021. More specifically, the committee considered a request that related to the treatment of non-recoverable VAT paid by lessees. Lessees...
Inventory write-downs: Estimated costs to sell
IAS 2 Inventories (‘IAS 2’) requires that items of inventory must be measured at the lower of cost or net realisable value (‘NRV’). One of the inputs to determine NRV is the estimated costs necessary to make the sale. The IFRS Interpretations Committee (‘IFRIC’)...
Deferred tax assets for tax losses
Entities may find themselves in a position where they had tax losses due to the weak economic conditions, even before the COVID-19 pandemic. In many instances the effect of the lockdown and resulting regulations have exacerbated this. In addition, some normally...
Deferred tax treatment of assets with multiple future tax consequences
Deferred tax reflects the future tax consequences that will arise when the economic benefits associated with assets are realised or of outflows when liabilities are settled. The IFRS Interpretations Committee (‘IFRIC’) recently considered how to determine the...
Presenting uncertain tax positions in financial statements
Entities that prepare financial statements in accordance with IFRS will be required to consider the application of IFRIC 23 Uncertainty over Income Tax Treatments (‘IFRIC 23’), which applies for financial years commencing on or after 1 January 2019, in coming months....
Trust our expert knowledge and experience to reduce your uncertainty and solve your complex tax problems.
Need Advice?
We regularly advise clients on the application of IFRS and IFRS for SMEs. Do you need advice on how to account for a transaction, arrangement or restructuring? Do you need someone to review financial statements for IFRS compliance?