N°03
International
Case Study N°3 :
From local French GAAP to IFRS: accounting expertise serving international groups.
1
Context
French subsidiaries of international groups operate in demanding environments: they must deliver reports that comply with head office standards — often in IFRS — while also meeting French statutory and tax requirements.
Tight deadlines, cross-cultural coordination, and multiple frameworks require a reliable partner able to ensure both consistency and quality.
EUROP-CONSULT has long supported subsidiaries of foreign groups — Scandinavian, Anglo-Saxon, German, and American alike.
2
Challenges
The challenges faced by these structures are numerous:
Producing IFRS and French GAAP reports that are consistent and audit-ready.
Migrating efficiently from one reporting framework to another during mergers or acquisitions.
Ensuring consistency between local subsidiary figures and group-level data.
Delivering accurate and compliant financial statements under tight timelines.
Without structured organization, these constraints can quickly compromise communication and the reliability of financial reporting.
3
Our Approach
We combine technical rigor, methodology, and intercultural understanding to ensure the quality and consistency of financial statements:
Framework migration: full transition from French GAAP to IFRS.
Dual accounting records: maintaining synchronized French GAAP and IFRS accounts.
Group reporting: preparation of monthly or quarterly consolidated reports validated by group auditors.
Compilation assignments: producing French GAAP financial statements from foreign records, integrating local taxation (CIT, VAT, statutory filings).
We also assist local teams in establishing sustainable processes to improve communication and coordination between the subsidiary and head office.
4
Results
Reliable, consistent, and audit-ready financial statements delivered on time.
Group reports validated without adjustment by external auditors.
Stronger collaboration between the subsidiary and the parent company.
Better integration of local compliance requirements into group processes.
“EUROP-CONSULT helped us produce perfectly aligned French GAAP and IFRS statements. Their rigor and responsiveness built genuine trust between our subsidiary and headquarters.”
— CFO, French subsidiary of an international group
— CFO, French subsidiary of an international group