Australia

International Financial Reporting Standards 

Growing numbers of countries are adopting International Financial Reporting Standards (IFRS). The benefits of the new standards include enhanced comparability and improved transparency of financial reporting.

Victoria Hickey

Victoria Hickey

Partner

+61 2 9455 9651

Australian reporting entities have been required to report under IFRS since January 2005 and KPMG continues to assist clients both in Australia and internationally implement and interpret these standards as they evolve.

 

How we can help

KPMG is working with organisations around the world to help them deal with complex questions arising from the adoption of IFRS, such as:

 

  • How will IFRS affect reported business performance and how will the consequences of this change be communicated effectively, both internally and to the external market?
  • What are the potential benefits of adopting IFRS, and how can they be realised?
  • What experience and resources will be required for a successful IFRS conversion?
  • How should organisations manage the conversion to IFRS?

 

KPMG is helping organisations adopt IFRS, providing practical support to smooth the transition.