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Also what is the certificatation standard of it
There is no any special made or frames for IFRS;
IFRS-1 First-time Adoption of International Financial Reporting Standards sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. The IFRS grants limited exemptions from the general requirement to comply with each IFRS effective at the end of its first IFRS reporting period.
A restructured version of IFRS1 was issued in Nov-2008 and applies if an entity's first IFRS financial statements are for a period beginning on or after1- July-2009.
As well as, IAS-1 prescribe the components of the complete set of the financial statement at the end of the period as follows ;
1- Statement of financial position
2- Statement of profite / losses & comprehensive income
3- Statement of changes in equity
4- Statement of cash flows
5- Note and disclosurse, compresing a summary of significant accounting policies and other explanatory informations
In case of an entity applies an accounting policy retrospectively or makes restatement of items in its financial statements , or when it reclassifies items in its financial statements, entity should provide a statement of financial position as at the beginning of the earliest comparative period.
Please read; IAS-1 and IFRS-1
