Financial reporting in the oil and gas industry - 2nd Edition

International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world.
Over 100 countries either use or are adopting IFRS. Those companies already on IFRS have their own challenges as the pace of standard-setting from the International Accounting Standards Board (IASB) has been intense in recent years with a constant flow of changes for companies to keep up with.