Banking

Preparing For International Financial Reporting Standards: An Opportunity For Finance Transformation

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Executive Summary

To understand how companies view the International Financial Reporting Standards adoption journey, Accenture commissioned a survey of 208 executives at companies with a minimum of US$1 billion in annual revenues. Executives represented all major industries, and 75 percent of respondents were from companies with greater than US$5 billion in revenue. The Internet-based survey was conducted in December 2008. A Google search on "IFRS" yields close to 5 million hits, with content available from accounting firms, government agencies, accounting trade groups, the business media and management consulting firms.

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