Navigating the changing landscape of financial reporting
Financial reporting environment in Indonesia has been receiving greater scrutiny than ever before since the decision made in 2008, to gradually align the Indonesian Financial Accounting Standards (IFAS) with the International Financial Reporting Standards (IFRS). IFAS has been changing continually for at least the past three years, and will continue to evolve in the years to come. The wide implications of these changes have created new challenges for corporate management. Compliance with the standards, adjustments of the accounting information system, adequate knowledgeable resources, impacts of expected earnings to report, possible changes made to financial ratios related to borrowing covenants, and linkage with taxation are among the issues that could follow from the significant changes in the accounting standards.
PwC is ready to support you to deal with the exceptional changes. With our global network, support tools and guidance, PwC has the breadth and depth of knowledge and technical expertise to help.
For more information on our accounting advisory services, please contact our specialists.
IFRS in Indonesia
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