Assessment of compliance with accounting standards

The service provides an independent, systematic evaluation of an organization’s financial reporting and related processes against applicable accounting standards and regulatory requirements. It encompasses the review of accounting policies, key judgments, disclosures, and internal controls to identify gaps, inconsistencies, and potential areas of non-compliance. The outcome supports transparent, reliable financial information and enables informed decisions on remediation actions, process enhancements, and risk management priorities. Submit a request

Strategic Accounting Compliance Assessment on the Danish Market

In the Danish business environment, characterized by a high level of trust, transparency and stakeholder engagement, a structured and forward-looking assessment of compliance with accounting standards plays a central role in safeguarding corporate credibility. Read more.

Case study

Accounting Compliance Turnaround in Manufacturing

A large industrial manufacturing group was facing growing pressure from lenders and a supervisory board after several internal audit notes flagged weaknesses in financial...More +

Retail Chain Boosts Trust With Accounting Review

The story begins with a nationwide retail chain that had grown rapidly through opening new stores in shopping centers and high-street locations. Sales were rising, loyalt...More +

Tech Startup Aligns Reporting With IFRS

A rapidly growing technology startup in the SaaS space was preparing for a significant Series C funding round. The company offered subscription-based software with option...More +

Food Producer Strengthens IFRS Compliance

A diversified food production group with operations in processing, packaging and distribution had long prided itself on operational efficiency. The company sourced raw ma...More +

What we provide

Standards Mapping

We identify all relevant accounting standards and map them to the client’s specific business model, transactions, and reporting obligations.

Policy Review

We review existing accounting policies, manuals, and internal guidelines to assess their alignment with current local GAAP, IFRS, or US GAAP requirements.

Transaction Analysis

We analyze significant and complex transactions to determine whether their recognition, measurement, and presentation comply with applicable accounting standards.

Disclosure Assessment

We evaluate the completeness, clarity, and consistency of financial statement disclosures against mandatory and best-practice disclosure requirements.

Gap Identification

We identify compliance gaps, inconsistencies, and risks of misstatement, prioritizing them by materiality and potential regulatory or audit impact.

Remediation Design

We design practical remediation actions, including policy updates, process changes, and control enhancements, to close identified compliance gaps.

Implementation Support

We support management in implementing revised accounting treatments and disclosures, including drafting documentation and training finance teams.

Ongoing Monitoring

We establish or refine monitoring mechanisms to help the client continuously track changes in accounting standards and maintain long-term compliance.

How Compliance with Accounting Standards Supports a Sustainable Future

In many organisations, the phrase "assessment of compliance with accounting standards" still evokes images of purely technical checks, dense regulations and formal reports. Yet in a world shaped by climate risk, resource scarcity and rising expectati...

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How can we support you?

Assessment of compliance with accounting standards helps organizations understand how closely their financial reporting aligns with applicable frameworks such as IFRS, US GAAP or local GAAP. The service identifies gaps, interprets complex requirements and supports management in reducing regulatory, reporting and reputational risk.
Comprehensive gap analysis against applicable standards
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The engagement typically begins with a structured review of existing accounting policies, procedures and disclosures against the relevant accounting framework. Financial statements, notes and management reporting packages are examined to identify inconsistencies, omissions or areas of judgment that may be vulnerable to challenge. Particular attention is paid to recognition and measurement principles, classification of items and presentation in the primary statements. Radner benchmarks current practices against leading market practice to highlight both non‑compliance and opportunities for improvement. The outcome is a clear map of compliance gaps, prioritized by materiality and regulatory impact. This provides management with a fact‑based foundation for planning remediation activities and allocating resources.
Targeted review of complex and judgmental accounting areas
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A focused assessment is performed on areas that typically involve significant estimates and judgments, such as revenue recognition, impairment, provisions, financial instruments and leases. Contractual arrangements, internal models and supporting documentation are analyzed to determine whether applied accounting treatments are supportable under the chosen framework. Particular scrutiny is given to management assumptions, estimation techniques and the consistency of their application over time. We assess whether disclosures adequately explain key judgments and sources of estimation uncertainty to users of the financial statements. Radner provides clear, technically grounded observations on where positions may be aggressive, inconsistent or insufficiently documented. This enables management to refine methodologies, strengthen documentation and reduce the risk of regulatory challenge or audit disputes.
Evaluation of accounting policies, manuals and internal controls
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Beyond the financial statements, the robustness of the underlying accounting policy framework is assessed. Existing accounting manuals, group policies and instructions to subsidiaries are reviewed for completeness, clarity and alignment with current standards. The design and implementation of key internal controls over financial reporting are evaluated, particularly those related to complex areas and manual adjustments. We consider how effectively responsibilities, approval thresholds and review mechanisms are defined and communicated across the organization. Radner identifies inconsistencies between documented policies and actual practice, highlighting process weaknesses that may lead to non‑compliance. Recommendations are then formulated to enhance governance, standardize practices and embed compliance into day‑to‑day operations.
Remediation roadmap, training and ongoing monitoring support
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Following the assessment, a practical remediation roadmap is developed, setting out specific actions, owners and timelines to address identified issues. Proposed changes to accounting policies, processes and systems are prioritized based on materiality, implementation effort and impact on stakeholders. We support the preparation of revised disclosures, transition adjustments and communication materials for auditors, regulators and investors where needed. Tailored training sessions are designed for finance teams and key business stakeholders to reinforce understanding of relevant standards and new internal requirements. Radner can also assist in designing key performance indicators and monitoring routines to track ongoing compliance. This helps organizations move from one‑off corrections to a sustainable, well‑controlled financial reporting environment.

Why choose us?

Deep Expertise

We combine in-depth knowledge of IFRS, Danish GAAP, and local regulatory practice to deliver assessments that stand up to scrutiny from auditors and authorities. We translate complex accounting requirements into clear, actionable recommendations tailored to your specific business model.

Pragmatic Approach

We focus on practical, risk-based reviews that prioritize areas with the greatest impact on your financial statements and compliance exposure. We work closely with your finance team to implement improvements that are realistic, efficient, and aligned with your existing processes.

Local Insight

We understand the Danish market, sector-specific practices, and expectations of local stakeholders, which allows us to calibrate our assessments to real regulatory and market conditions. We leverage this insight to help you not only comply with accounting standards, but also communicate your financial story credibly to Danish and international investors.

Contact

Need more information? Contact us.