I am pleased to share with you the outcome of an on-going “bottom-up” project, which started 3 years ago as part of PricewaterhouseCoopers’ commitment to developing a globally consistent and coherent approach to IFRS transition in the Retail & Consumer sector. Indeed, as in any other industry sector, the move towards IFRS raises a number of issues, where various grey areas of definition and interpretation remain. Most importantly, it affects the way a company operates and communicates towards capital markets.
Our extensive network of excellence, both from a technical and industry stand point, has enabled us to lead the debate on a number of these issues and to bring timely responses to our clients on what represents one of the most important changes ever facing the financial community.
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