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About Vica Innovations

Expanding a business internationally is an exciting and ambitious endeavor that can lead to significant growth opportunities. However, it comes with its own set of complexities, one of which is the need to switch financial reporting frameworks. ASPE is a Canadian standard, and foreign stakeholders typically want to see financial statements using IFRS or US GAAP in the United States. Reporting conclusions made under one framework does not have a linear corresponding conclusion in the other framework. A business seeking to change their reporting framework involves hiring a third-party consultant that may not understand the diverse cultural and operational needs of the business. Vica Innovations takes the pain out of the financial reporting transitions. What once cost companies expanding into foreign markets countless months of expensive third-party work can now be affordably done in a few short weeks.

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