Companies can embark into an IFRS conversion for multiple reasons, such as raising funds on capital markets, aligning on the accounting policies of the parent in the event of an acquisition, enhacing the transparency and credibility of their financial statements, or achieving greater harmonisation with the group using standards that are recognised on the international level.
These conversion projects are much more than a change in accounting policies and can have a significant impact on the existing systems and processes as well as on your people. Our dedicated team of experts can work alongside with you throughout your implementation journey, help you overcome these challenges and drive your project to a successful completion.
How PwC can help with IFRS conversions and ongoing reporting needs
- Guide you through the implementation process and help you manage the risks inherent in your conversion project. With a proven track record of successful conversions, our experienced professionals will work with you to create solutions that meet your unique needs.
- Provide tailored services that range from limited technical support as needed, to leading the whole conversion project from start to its end (gap analysis and roadmap, accounting policy design, preparation of the first IFRS financial statements, embedding in your processes and systems and training).
- Assist in the financial communication, advising on key performance indicators to shareholders and analysts as well as in preparing annual reports.
- Once implemented, assist you with your ongoing IFRS technical questions (acting as a help desk) and reporting, providing hands-on assistance tailored to your particular situation.
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