Accounting standards are evolving faster than ever. Keeping up with these changes and the significant complexities they introduce can be challenging. PwC’s assurance team offers a wide range of experience and deep technical expertise in accounting issues. Our approach provides a combination of integrated services tailored to accommodate your unique circumstances and needs.
Our team of IFRS specialists helps companies understand the implications of current and future IFRS changes on their financial and regulatory reporting, including relevant operational processes and internal controls. We can help you identify and assess alternatives, diagnose key issues, develop training, and analyse and document technical accounting issues. From exposure draft to implementation, our team can help you stay ahead of developments through every stage of the IFRS lifecycle.
To learn more about new major IFRS accounting standards that will take effect over the next two years and beyond, click on the links below.
IFRS 16 – Leases: The impacts (infographic)
Learn what’s changing, what’s affected, timing and what you need to do.
Revenue Recognition: 5-step model (infographic)
Learn the five steps to revenue recognition under the new IFRS standard.
If you earn revenue and apply IFRS or US GAAP, your company is about to face a major change as the accounting requirements for revenue change effective 2018.
The new leases standard goes into effect on 1 January 2019. Every company that uses rentals or leasing as a means to obtain access to assets will be affected.