Do US businesses need to learn both GAAP and IFRS?
Whether IFRS affects your US business depends on size, industry, location, M&A activity and global expansion. Our IFRS specialists keep you informed on the latest developments and help you address possible IFRS issues that may be impacting you.
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Your transition to IFRS may be as a result of a cross-border acquisitions, an organizational need or a regulatory requirement. Whatever the driver, PwC has a comprehensive and robust IFRS conversion methodology that is flexible and scalable to help you meet your needs in an efficient and effective way.
We help consider enterprise-wide impacts on a company's business with a focus on financial statements, accounting policies, people, internal processes, and systems. Our methodology is flexible so it works within any organization and can be scaled to address specific conversion needs, timelines and deal arrangements.
Our approach is executed through collaboration between internal and external resources working closely with the auditors as a single team, leveraging key tools to facilitate project management, technical analysis and documentation.
If your organization is facing the challenges of converting from US GAAP to IFRS to meet new financial reporting requirements, our accounting advisory services team will work proactively with you to help meet your objectives.