IFRS overview - Ernst & Young - Iceland

IFRS: a strategic opportunity

The move to International Financial Reporting Standards (IFRS) is the single most important initiative in the financial reporting world.

Its impact stretches far beyond accounting to affect every key business decision, not just how it is reported.

As IFRS becomes the financial reporting language in many more countries, consistent interpretation and application becomes ever more vital.

We have developed global resources – people and knowledge – to provide the benefit of our broad sector experience, our subject matter knowledge and the latest insights from our worldwide network.