K-IFRS 1118, why should we prepare for it now?
Preparation must begin starting from 2026.
Invector supports the entire process, from basic analysis and preparing supporting evidence to restating financial statements.
We resolve the issues of establishing grounds, documentation, and high service fees.
While the changes to the K-IFRS 1118 standard are an issue,
the real burden on companies is the consistency of documentation and the excessive service fees relative to the time invested.
High service fees
Approximately 60 million KRW
Because of manual analysis,
it incurs excessive time and cost.
Insufficient internal resources
three years' worth of data again
While also carrying out existing duties,
we must check every single piece of data
to establish evidence and categorize it.
Auditor Response Risk
Supporting evidence
From classification judgment to writing comments,
consistency in all evidence is required.
Accurately and quickly with software,
down to professional quality review
01
Invector Automated Analysis Program
Automate repetitive tasks such as account reviews and voucher analysis
Quickly generate drafts based on consistent quality standards.
02
Accounting firm quality review
We review based on professional judgment
and support auditor response.
Professional Support
An accounting firm directly reviews
and supports auditor response
Consistent quality
On the same basis,
we create the work.
Post-purchase support
We support follow-up inquiries and
aftercare services.
03
High-quality deliverables at an affordable price
Reduce time and costs by eliminating unnecessary and inefficient repetitive tasks,
while successfully completing the transition to K-IFRS 1118 with the support of experts.
1
K-IFRS No. 1118 Impact Analysis Report
Analyze the impact of the transition
2
Profit and Loss Category Reclassification Table and Basis of Judgment
Provide classification criteria transparently
3
Review of Changes in Presentation and Disclosure of Financial Statements
Delivery of details on actual changes
4
Draft Preliminary Disclosure and Checklist
Proceed to the actual decision based on the draft
Key Tasks and Deliverables
Seeing is believing.
Resolve K-IFRS 1118 transition with Invector
Repetitive tasks that take weeks
are compressed into just a few days.
Automatic Category Classification by Account
When you input and run the trial balance and the general ledger,
the account category classifications and their supporting evidence are automatically generated.
Journal Voucher Source Analysis
Check the summary and debit/credit submitted by the company to
distinguish between the affected amount and the adjustment target.
Drafting reasoning and annotations
We record and review the basis for classification for each account
and even write the draft notes.
The price bubble has been
completely removed.
Through automated iterative analysis,
we offer our services at a price that is approximately 60% lower than that of accounting firms.
If you contact us for a detailed quote, we will provide a calculation after comprehensively considering factors such as company size, affiliate status, and scope of work.
Listed companies in various industries
have already partnered with Invector.
Periodic reports,
don't hold onto them for too long anymore
Reduce your burden with Invector
and increase your efficiency
Toggle Campus Co., Ltd.
Address
2nd Floor, 33-10 Gangnam-daero 78-gil, Yeoksam-dong, Gangnam-gu, Seoul
Business Registration Number:
809-81-03005
CEO
Bae Gyu-tae
baegyutae@togglecampus.com
TEL
02-6010-0731