Transition IFRS methodology

Through 10 years of successful conversions across Europe, Asia and the US, PwC has developed and honed a leading practice methodology called TransitionIFRS. This can serve as a basis for you to consider and tailor in developing an approach to your own unique conversion process, positioning you to address your specific needs.
 

Features of the TransitionIFRS methodology

• Implemented by a broad network of experienced conversion specialists
• Considers the broader impact on the business - accounting policies, people, financial reporting, tax and other business processes and systems, stakeholder management, statutory reporting and communications
• Used by more than 1,300 companies
• Scalable and responsive to the unique complexities of each client’s business
• Establishes clear objectives with the client in the planning stage
• Applies a phased approach to IFRS conversions
• Is a framework that is supplemented by deep business process and technical accounting and systems skills