International consulting firm PwC, is set to hold a series of industry specific seminars on IFRS, starting from 25 November 2010. These seminars aim to raise awareness of the issues involved in first time adoption from an industry perspective.
According to PwC Partner & Head of IFRS in Nigeria, Gabriel Ukpeh, “these seminars are different because we recognise that there are a number of issues peculiar to the various industries . We are also conscious of the fact that all the seminars being held have been focused on the financial services sector. Therefore, we are engaging both the Energy & Manufacturing/Services sector, which will also be affected by the impact of the adoption of IFRS”.
The seminars will start with the Financial Services sector on 25 November 2010 while the Energy and Manufacturing/Services sectors will hold on 2 and 9 December respectively.
Ukpeh concludes “PwC is committed to promoting transparency in the capital market and the move to IFRS is a step in that direction. PwC has helped companies around the world in their conversion to IFRS and we are aware that the move to IFRS is not just about external reporting but that it will involve significant changes to processes, IT platforms and people’s skill sets”.
The seminars are free of charge and targeted at the C-Suite [CEOs, CFOs] and those who have responsibility for the implementation of IFRS.