IFRS Reporting

Implementing IFRS is far from over. IFRS being an evolving area is subject to new guidance and interpretations. Read more on how we are helping organisation transition.

Emerging from accounting change

In response to the recent business and economic environment evolutions and changes, the IASB, in the recent years, issued a number of new International Financial Reporting Standards and in some instances, amendments to existing standards.

Some of the international financial reporting standards that the IASB issued were IFRS 17 ‘Insurance Contracts’, IFRS 16 ‘Leases’, IFRS 15 ‘Revenue from Contracts with Customers’, IFRS 9 ‘Financial Instruments’. 

Given the complexity of those standards and their broader impact on organisations, entities are seeking more and more assistance from external consultants. 

We, in Capital Markets & Accounting Advisory Services (CMAAS), assist our clients in addressing all the challenges in a systematic and effective manner. 

This minimises disruption in our clients’ operations and also facilitates them to get the relevant implementation projects right the first time. 

Following a fully successful implementation of an IFRS, entities need to also continuously make sure that they are complying with those standards which can become cumbersome if they are not accompanied by the appropriate business partner.

Some of the questions that we help our clients answer include:

  • What are the requirements of the specific IFRS?
  • What does changing to IFRS involve?
  • How does IFRS compare to other accounting frameworks?
  • What do IFRS financial statements look like?
  • Where can I get advice on applying and interpreting IFRS?

Browse through our services

We help companies to successfully complete the transition to IFRS Framework or a particular IFRS, as appropriate.  We have a range of specialists to assist you on the effective transition methodology, technical accounting expertise, treasury, tax, human resource, M&A, valuations and project management.

IFRS Conversion and new IFRS implementation

Conversion to IFRS is much more than a technical accounting issue. IFRS implementation typically affects an entity’s day-to-day operations and in most instances have an impact on the profitability of the business. Being fully IFRS compliant adds more credibility, transparency and comparability in an entity’s financial reporting.

IFRS Training

Major new standards for financial instruments, revenue recognition and leasing present significant challenges to preparers of financial statements.

Let's get you on track for IFRS

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John Li How Cheong

Partner, Head of Capital Markets and Accounting Advisory Services (CMAAS), PwC Mauritius

+230 404 5128

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Michael Ho Wan Kau

Partner, PwC Mauritius

+230 404 5000

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Raj Ghunowa

Associate Director, PwC Mauritius

230 404 5047

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