The IASB’s efforts to converge accounting requirements across a number of key topics is driving significant changes in IFRS. These changes can impact the way companies conduct business and track and measure their main performance indicators.
- Recent significant changes to IFRS
- Revenue from contracts with customers (IFRS 15)
- Financial instruments (IFRS 9)
- Leases (IFRS 16)
- Forthcoming significant changes
- Insurance contracts (IFRS 17)
KPMG’s accounting advisory team can assist you in implementing new IFRS standards. Our experts can provide timely advice on the impact of accounting changes, assist you in developing a practicable implementation roadmap and conduct technical training sessions to provide your team with the knowledge required for the successful implementation of the new standards.
We understand that the pace of all these changes is swift, the volume is significant, and it can be challenging to keep up with all the requirements and the potential impacts. KPMG’s accounting advisory team works with you to help you understand the potential implications of changes in accounting policies, so that you can make important business decisions.