Details

  • Type: White paper
  • Date: 7/1/2009

IFRS - Time to accelerate? 

Most companies have been working on their IFRS changeover, even though current economic conditions have often posed an overriding challenge. While a few companies are well ahead, others appear to be lagging.
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It's now time to assess your company's progress. Why now?


  • The first real deadlines occur in late 2009, and some companies may need to take specific actions before the end of 2009.
  • Few companies understand how little time will actually be available in 2010 and 2011, especially during the "135-day crunch" that finance teams will face in early 2011.
  • First-time adoption disclosures required in Q1 2011 will be onerous.
  • A delayed or slow-moving project can create risks with potentially serious consequences.

 

If your company's changeover project needs to be accelerated or changed, where should you focus your attention? This publication highlights some critical areas in which companies investing time now can reap dividends later, by mitigating risks throughout the transition process and taking pressure out of their "135-day crunch" in 2011.