Tuesday, September 09, 2008
PwC - 10 Minutes on Transitioning to IFRS
PricewaterhouseCoopers (PwC) has released a new publication called 10 Minutes on Transitioning to IFRS. It provides a high-level overview of the most important issues in IFRS transition, including how management communicates with investors post-transition; how some companies may need to change their business practices with customers and vendors; and how the transition will affect compensation. PwC emphasizes why it's important for senior executives and directors to start weighing and preparing for the implications of transition. Additional PwC publications on the transition to IFRS are also available (see Moving to IFRS.)