In many countries around the world and in Israel, listed companies must adopt IFRS (International Financial Reporting Standards) for their group financial statements. Harmonisation of IFRS and US Generally Accepted Accounting Principles (US GAAP) is being actively pursued. Clearly, going forward, IFRS reporting will be a vital passport to the world’s capital markets. Moreover, the transparency and comparability that IFRS provides will come to represent a critical currency in investor relations.
How PwC can help you
Embedding IFRS in the organisation requires more than technical knowledge of the standards themselves. IFRS will fundamentally change your company’s reporting processes and procedures and needs to be integrated into corporate budgeting and forecasting processes. Needs for specific data, software system changes and training of staff will also likely arise. PricewaterhouseCoopers can help. We have a broad range of tools and publications combined with the necessary industry experience to help transportation and logistics companies apply IFRS.
