International Financial Reporting Standards (IFRS) represent the most significant shift in financial reporting and the biggest accounting change in a generation. Implementing IFRS is far from over.
The next few years are likely to be a period of significant changes in financial reporting. Among other things, the forthcoming convergence of Greek GAAP to IFRS will be a great challenge for Accounting Departments.
Conversion to IFRS is much more than a technical accounting issue. Companies that have benefited most from the transition are those that looked at this as a chance to make improvements to their systems and processes and have used it as a focus for more efficient, timely and meaningful internal and external financial information.
PwC helps companies to successfully complete the transition to IFRS. Specifically, we offer our clients: