IFRS: Is adoption right for you?

If this is your situation:

• You want to know whether your company can change to IFRS.
• Your company operates in a country that has announced that IFRS will become the reporting framework of the future.
• Your local GAAP is being aligned to meet the requirements of IFRS.
• You want to know how a move to IFRS would be beneficial for your organisation.

How PwC can help

We can work with you to:

• Plan and manage your conversion project to ensure its success.
• Ensure your board of directors and audit committee are fully committed, involved and knowledgeable about the implications of IFRS conversion.
• Get the right people with the right skills to complete the transition and embed the changes within your company.
• Determine how and when to involve your business units to ensure local ownership of the IFRS numbers.
• Establish the high level effects on performance measures and financial ratios.
• Clarify what your financial statements, consolidation pack and subsidiary accounts will look like under IFRS.
• Collect the required data and ensure that there are adequate controls in place.
• Identify the key accounting/technical differences and understand the implications.