Wednesday June 19, 2013
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IFRS updates

Want information about IFRS transition in the US?
Visit our US site »

We keep you up to date on the latest IFRS developments.

Recent news stories:

  • Straight away - EU introduce requirements to disclose payments to governments
  • IFRS news - June 2013
  • Illustrative condensed interim financial statements 2013
  • Straight away - IASB issues narrow-scope amendments to IAS 36, 'Impairment of assets'
  • Interim reporting disclosure checklist 2013
  • Updated publication: Essential guide to international accounting - IFRS summaries
  • Straight away - IFRS IC issues an interpretation on the accounting for levies
  • Straight away - IASB/FASB publish revised exposure draft on leases
  • IFRS news - May 2013
  • Straight away - IASB publishes exposure draft on rate regulation
  • Practical guide - Exposure draft on impairment of financial assets
  • Straight away - IIRC releases consultation draft of International Integrated Reporting Framework
  • IFRS news - April 2013
  • Straight away - IASB issues exposure draft of amendments to IAS 19R
  • Boards finalise redeliberations of revenue from contracts with customers

Sign up to our twice-monthly round-ups.

Additional IFRS developments are available on PwC inform Find out more
  • IFRS reporting
  • IFRS updates
  • Blog: Join the discussion
  • IFRS for small- and medium-sized entities
  • Publications
  • Contact us

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  • Twice-monthly round-ups

Contacts
Claire Burke
Accounting consulting services
  • Print
On the road to conversion

If this is your situation:

Accounting and reporting

  • You need to understand how a transition to IFRS will affect your share price.
  • You are unclear how to account for your subsidiaries under the new accounting regime.
  • Your management needs help communicating the change to the market.
  • Your data collection is inadequate. A reporting package will be required to capture the IFRS information.

People

  • Your finance staff need training to understand the new accounting framework.
  • You understand that applying IFRS is more than a technical issue. Your finance, HR, treasury, tax, and IT staff all need training.
  • You lack internal resource. There may be competing demands on resources at all levels of your organisation.

Systems and controls

  • You need to understand how a transition to IFRS will affect your share price.
  • You are unsure what internal systems changes will be necessary.
  • Your existing IT systems may not be able to deal with the new IFRS data requirements. Systems upgrades are required.
  • You have identified a need for new controls as additional measures are required to comply with reporting and disclosure requirements.

How PwC can help

We have a proven track record in helping companies around the world successfully complete the transition to IFRS. Our industry-focused teams are ready to help you solve the accounting, systems and process issues surrounding complex IFRS conversions. Our team includes individuals who have helped previous adopters and who can offer you the full benefit of our experience.

Contact us to find find out how PwC can help you make the transition to IFRS.

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