Meeting International Financial Reporting Standards (IFRS)

In many countries around the world, companies adapt International Financial Reporting Standards (IFRS) for their group financial statements. The transition to IFRS for listed companies reaches far beyond the territories - such as the EU, Australia and Russia - where their adaption is now mandatory. Clearly, going forward IFRS reporting will be a vital passport to the world's capital markets. Moreover, the transparency and comparability that IFRS provides will come to represent a critical currency in investor relations.

How PwC can help you

Embedding IFRS in the organisation requires more than technical knowledge of the standards themeselves. IFRS will fundamentally change your company's reporting processes and procedures and needs to be integrated into corporate budgeting and forecasting processses. Needs for specific data, software system changes and training of staff will also likely arise. PwC can help. We have a broad range of tools and publications combined with the necessary industry experience to help shipping and ports companies apply IFRS.