Question 1

How accurate is IFRS Buddy?

Accepted Answer

We passed 5/5 internally curated IFRS test cases in our Feb 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.

Question 2

What standards are covered?

Accepted Answer

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.

Question 3

Does it support languages other than English?

Accepted Answer

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.

Question 4

How is this different from asking ChatGPT?

Accepted Answer

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.

Question 5

Can I use it to prepare for the DipIFR or ACCA exams?

Accepted Answer

Yes. The Student plan is designed for DipIFR, ACCA, and similar exam preparation: it covers all active standards with exam-style explanations, journal entry generation, and step-by-step reasoning.

Question 6

What happens after the 10 free queries?

Accepted Answer

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.

Question 7

Can I cancel anytime?

Accepted Answer

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.

Question 8

Is there a free trial for paid plans?

Accepted Answer

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

Question 9

Do you offer team or enterprise pricing?

Accepted Answer

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

Question 10

What payment methods do you accept?

Accepted Answer

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

Question 11

Are my conversations used to train AI models?

Accepted Answer

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

Question 12

Where is my data stored?

Accepted Answer

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

Question 13

Is the product GDPR-compliant?

Accepted Answer

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.

Question 14

Can I delete my account and data?

Accepted Answer

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

Frequently asked questions