Do you require professional advice in international accounting (IFRS)?
We can support you in all IFRS aspects, for instance

IFRS technical questions
We will work out a technical opinion/statement
Help in justifying accounting principles and methods
Technical support or assistance in preparing IFRS statements

IFRS implementation
Analysis of differences to previously used accounting principles
Preparing technical documentation such as an IFRS accounting manual
Support in changing systems and procedures
Drafting and implementation of dual accounting (German GAAP and IFRS)
Project management

Translation and GAAP Conversion
Fidacta provides high-quality translations of financial statements, annual reports and other financial reporting related texts.from English (or Russian) into German or vice versa.
We have a network of experienced, professionally qualified (e.g. WP*, ACCA) native speakers who appropriately analyse and translate all accounting technical wording according to its accurate meaning.

Fidacta also compiles GAAP conversion, from Russian financial statements into IFRS or German GAAP and vice versa.


Prof. Dr. Klem obtained his ACCA qualification in the “International Stream IFRS & ISA”. This globally known and renowned qualification focuses on the IFRS. In 2008, he became a Fellow Chartered Certified Accountant. Since 2010 he has  been Review Coordinator for the IASB, leading the review of the IASB's German translation of IFRSs.

As German and British Registered Auditor, Prof. Dr. Klem is well qualified and practically experienced in respect of complex, technically demanding translations of texts such as annual financial statements, group reporting or audit reports.

Simone Hehmeyer and Peter Gorontzy support him in this work when translating IFRSs, actuarial and insurance related text. Fidacta cooperates with British Chartered Accountants, who translate into their mother tongue.


*WP denotes German Registered Auditor