Services · Diagnostic

IFRS Gap Analysis

IGA

Performs IFRS/GAAP gap analysis comparing current policies and reporting practices to applicable standards and defining required adjustments.

What changes

More reliable financial data, better reporting, stronger audit readiness and improved system-enabled finance operations.

What you get

Completed IFRS applicability and requirements checklist NAB012
TB-to-disclosure mapping worksheet for the latest financial statements IGA001
IFRS gap log with impact assessment and recommended actions IGA002
Remediation roadmap with owners, timelines and progress tracking IGA003

What has to come first

Nothing is required before this service.

The gap analysis can run as a standalone diagnostic
NAHNeeds Assessment Report - National Head Quarters or NABNeeds Assessment Report - Branch/District Recommended

Needs assessment findings help target the high risk IFRS areas
COAChart of accounts analysis and review Recommended

A reviewed chart of accounts simplifies the TB-to-disclosure mapping

Who is involved

From the National Society's side. This is what the engagement asks of your people.

Your own staff work alongside the adviser throughout, so this is a commitment of their time as well as the Centre's. Ask in the request and you are given the day estimate per role before anything is signed.

Role	What they do
HNS Head of Finance / Chief Accountant	Process owner
HNS finance team (GL, fixed assets, revenue and grants, AP/AR, payroll)	Walkthroughs and records
HNS Secretary General / senior management	Sponsor; approves remediation priorities
HNS Board / Finance Committee / RAC	Oversight of financial reporting quality
External auditors	Alignment on key judgements
HNS ICT	System configuration and reporting extracts
HNS grants / donor management focal point	Restricted funding recognition and disclosures
GFDC delivery team	Performs the analysis

How it is measured

Indicator	Target	Evidence
Gap analysis report approved by HNS leadership within target time of kick-off	12 weeks	Approved report; leadership minutes
High risk IFRS areas from the applicability assessment covered by the gap log	100%	Completed NAB012 checklist; IGA002 gap log
High impact gaps with an agreed owner and due date in the roadmap	100%	Signed off IGA003 roadmap
Quick win remediation actions completed within six months of report approval	At least 50%	IGA003 progress tracker; audit feedback

Tools

5 of 5 ready to download.

NAB012 IFRS Compliance Checklist Tool XLSM
IGA001 TB-to-disclosure mapping worksheet Template XLSX
IGA002 IFRS gap log with impact assessment and remediation actions Template XLSX
IGA003 IFRS remediation roadmap and progress tracker Template XLSX
IGA004 Accounting position paper template for key judgements Template DOCX

Standards

COSO Internal Control - Integrated Framework
IFRS / GAAP accounting standards
GFDC Operational Framework (intake, triage, service workflow)
HNS finance manual, accounting policies and close procedures
Donor agreements and reporting requirements
External audit management letters and prior year adjustments

Describe the problem, not the service

You do not need to know which of the 124 to ask for.

Request support