IFRS transition

If this is your situation

• You want to know the impact of IFRS transition on reported performance measures and whether your profit is likely to be more volatile
• You need to ensure you have enough people with the right skills to complete the transition to IFRS and embed the necessary changes within the company
• You are unsure of the additional data you are required to collect, whether your systems are able to capture that data, or if your controls are adequate
• You need to understand the changes affecting financial hedging and instruments, pensions, and tax as well as how the standards are likely to impact your industry
• You want to assess the tax implications of moving to IFRS
• You want to optimise all decisions related to IFRS conversion and ensure that any wider business opportunities are considered.

How PwC can help you

PwC has a proven track record in helping companies successfully complete the transition to new accounting standards. Reflecting the complexity of the task at hand, we have a range of specialists to assist your company's conversion to IFRS, including: technical accounting, treasury, tax, human resource, M&A valuations and project management specialists. (For audit clients subject to the provisions of the US Sarbanes-Oxley Act, non-audit services, including tax services can be provided by the auditor as long as the services have been pre-approved by the audit committee).

• Objective evaluation of project processes, controls, and deliverables
• Transition IFRS project management tool
• Training and coaching support
• Advice on adapting processes, data, and systems for IFRS
• Technical accounting advice and support tools
• IAS 39 and financial instruments
• Employee benefits and share compensation programs
• Purchase price allocation related to business combinations
• Valuation and impairment testing
• Tax