European Union listed companies have been required to prepare financial statements in compliance with International Financial Reporting Standards (IFRS) since the start of 2005. Other countries, including Australia, are adopting IFRS as their national regulatory bodies move to converge with the standards.
With the experience of IFRS becoming real and widespread, PricewaterhouseCoopers brought together over 80 people from 14 different countries and 23 oil, gas and utility companies to discuss the challenges, lessons and dilemmas of implementing IFRS within their businesses.
Our report Implementation Challenge* highlights both the leading themes and the specific issues these companies are grappling with as they use IFRS in the oil, gas and utility sector.
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