All listed companies in Sri Lanka are required to comply with International Financial Reporting Standards (IFRS) from 1 January 2011.
How we can help
PwC has a proven track record in helping companies successfully complete the transition to new accounting standards. Our Transition IFRS methodology, to assist with conversions, has been applied to many conversion projects in the last few years. This methodology, as well as getting the numbers right and guiding companies through operational problems, focuses on effective knowledge transfer to ensure lasting benefits.
Our conversion specialists bring technical, training, communications and change management expertise to the project - reflecting the complexity of the task at hand. While many of the issues are common across all businesses, some impact more on certain sectors so we'll make sure our industry specialists are involved. We have technical accounting, treasury, tax, human resource, M&A valuations and project management specialists to scope out and assist with your company's conversion to IFRS.
How we can support you
PwC can help you prepare for IFRS with the following services