Frequently asked questions

We passed 10/10 internally curated IFRS test cases in our Apr 2026 benchmark. Every answer is generated from retrieved official IFRS paragraphs — not from general training memory. If the standard does not address the question, the model says so rather than guessing.

We cover 45+ standards including all active IFRS, IAS, IFRIC and SIC standards — IFRS 9, IFRS 15, IFRS 16, IAS 36, IAS 12, and more. The library is updated to reflect current effective versions and recent IASB amendments.

Yes. You can ask in English, Italian, German, French, Spanish, Portuguese, Dutch, and more. The answer will always be in the same language as your question.

ChatGPT generates answers from training memory and often cites paragraph numbers it has not actually verified. IFRS Buddy retrieves 10 real paragraphs from the official standards before generating any answer. Every claim is tagged [S1], [S2]… so you can trace it back to the source.

Yes. The Base plan is well suited for DipIFR, ACCA, and similar exam preparation: it covers all active standards with detailed explanations, journal entry generation, and step-by-step reasoning. It also works for independent professionals who need reliable IFRS answers without the full CFO feature set.

You will be prompted to create a free account. The Free plan gives you 50 queries per month with no credit card required. Paid plans start at €9.99/month.

Yes. You can cancel your subscription at any time from your account settings. You keep access until the end of your billing period — no prorated refunds, no tricks.

There is no formal trial period, but the Free plan (50 queries/month) gives you a meaningful experience of the product before committing.

Not yet with a self-serve flow, but we are happy to discuss volume licensing for teams. Get in touch via the Contact page.

We accept all major credit and debit cards via Stripe. Invoices are available on request for Professional and CFO plans.

No. Your conversations are never used to train or fine-tune any AI model — ours or Anthropic's. See our Security page for details.

All data is stored on EU-based servers (Germany). Backups are encrypted and stored in Cloudflare R2 with EU jurisdiction.

Yes. We collect only what is necessary (email, conversation history, query count), give you full control over your data, and process everything in the EU.

Yes. Contact us via the Contact page and we will delete your account and all associated data within 30 days.