IFRS is a strategic change: Is your tax function ready?

In November 2008, the Securities and Exchange Commission (SEC) released its proposed roadmap for the mandatory adoption of International Financial Reporting Standards (IFRS) in the United States. The proposed roadmap currently provides for the required use of IFRS by US issuers beginning in 2014, with the potential for voluntary adoption available to certain companies as early as 2009.

 

IFRS Tax impact of IFRS

The conversion to IFRS is going to have an impact on the global tax function. Potentially significant tax considerations include... Learn more
IFRS IFRS tax action plan

Is your tax function ready to implement IFRS within your company’s specific timeline? PwC Tax offers an illustrative action plan that you can use to assess... Learn more
IFRS IFRS tax publications

To assist US tax executives with their IFRS planning, PwC has developed the following IFRS tax publications. Learn more

 

There will be significant tax ramifications and related planning considerations inherent in a conversion to IFRS. As organizations begin analyzing and planning for IFRS, it is important that US tax executives understand the implications that IFRS could have on the company's global tax function and begin to plan accordingly. This page is intended to provide tax-specific insight related to IFRS in the US.

For our general IFRS site and publications, please visit www.pwc.com/usifrs.