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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. Access to up-to-date knowledge, insights and timely advice is essential. 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.

Useful publications

IFRS outlook
Read the latest edition of IFRS outlook.


Supplements to IFRS outlook
Visit our global page to download the latest issue of Supplements to IFRS outlook, a supplement to IFRS outlook. Find out more.


Reporting review
The Ernst & Young bulletin on auditing, accounting and corporate governance. Find out more in the latest bulletin.


Independent Intelligence – insights for the independent director
Independent Intelligence – insights for the independent director aims to help inform the independent director community, with thought-provoking articles on current issues. Read the latest issue.

IFRS 7 guidance for corporate entities

Observations on the implementation of "Observations on the implementation of IFRS 7 in corporate entities" (pdf, 5.5mb) gives an overview of disclosures for financial instruments provided in this first year of mandatory application of IFRS 7 Financial Instruments: Disclosures, highlighting challenges faced by companies and drawing comparisons between them. Our observations are based on a survey of the forty largest European corporate companies reporting under IFRS, as at March 31, 2008.

Consumer Products IFRS Financial Statements Survey

This survey analyses how accounting practices in the Consumer products IFRS financial statements survey (pdf, 818kb) have evolved since the adoption of IFRS in Europe. It focuses on the latest annual consolidated financial statements of 21 large publicly listed consumer product companies in seven countries across Europe.

 

Global IFRS Resources

IFRS graphic

Please see our Global IFRS site for additional resources, including Ernst & Young's global IFRS newsletter, IFRS outlook and web based learning modules.

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