TransitionIFRS methodology

Through 10 years of successful conversions across Europe, Asia and the US, PwC has developed and honed a leading practice methodology called TransitionIFRS. This can serve as a basis for you to consider and tailor in developing an approach to your own unique conversion process, positioning you to address your specific needs.

Conversion methodology

Features of the TransitionIFRS methodology
  • Implemented by a broad network of experienced conversion specialists
  • Considers the broader impact on the business - accounting policies, people, financial reporting, tax and other business processes and systems, stakeholder management, statutory reporting and communications
  • Used by more than 1,300 companies
  • Scalable and responsive to the unique complexities of each client’s business
  • Establishes clear objectives with the client in the planning stage
  • Applies a phased approach to IFRS conversions
  • Is a framework that is supplemented by deep business process and technical accounting and systems skills

We would be happy to discuss this with you; contact your PwC engagement team or request additional information.