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

Contact us

Mark Warner
Tel: +380 44 354 0404

Liusia Pakhuchaya
Tel: +380 44 354 0404

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