from Protiviti Inc.
The expansion of the global economy continues to affect the way companies do business, and the U.S. Securities and Exchange Commission’s current timeline for the adoption of international standards will have a significant impact on how companies report financial results. To help business leaders prepare now for the expected challenges, Protiviti Inc., a global business consulting and internal audit firm, recently released the Guide to International Financial Reporting Standards: Frequently Asked Questions.
The new resource guide provides answers to more than 100 frequently asked questions and includes an overview of the standards and the many conversion-related challenges that companies must address. Questions addressed in the guide include:
Where can I find the pronouncements regulating IFRS?
What lessons can be learned from the conversion experiences of other countries?
Is there a way to estimate the time, effort and cost required for my company to convert to IFRS?
What is the role of the audit committee in implementing IFRS?
What information systems are likely to require changes as the result of a conversion to IFRS?
How will IFRS affect analysts’ valuations of our company?
Access the Guide to International Financial Reporting Standards: Frequently Asked Questions.
Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. The firm helps solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. Protiviti's highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the Americas, Asia-Pacific, Europe and the Middle East. Protiviti has more than 60 locations worldwide and is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.
Topic tags: audit committee, corporate governance, GAAP, IFRS