Monday, May 05, 2008

Putting IFRS in Motion

For many organizations, implementing IFRS may be a complex process that goes well beyond a simple technical exercise for the finance or accounting function. Other business areas such as human resources, investor relations, business development and IT departments will likely be involved in the conversion plan. Companies that have already implemented IFRS know that the new standards place a sizable responsibility on management to be able to communicate effectively to the market in the new language. PricewaterhouseCoopers (PWC) addresses key considerations for those moving toward implementation. (Visit the PWC IFRS Canada website or read the publication Putting IFRS in Motion: International Financial Reporting Standards and their impact on Canadian public companies.)