How is your IFRS conversion progressing? What do you need to be doing in the 2010 transition year to help ensure your enterprise makes a successful changeover to IFRS?

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Need to Stay on Track through 2010?
Does your enterprise have IFRS conversion well in hand? If your answer is yes, most likely you have completed your 2010 transition year opening IFRS balance sheet; your comparative Q1 2010 IFRS financial statements are underway; your required systems changes are being implemented; you have a clear strategy for external communications to stakeholders; and your key business impacts are well understood and being addressed.


But, even a carefully planned journey can encounter unexpected challenges. Do keep a close eye on your key deadlines. If you encounter difficulties, always remember that KPMG can help.


Need to Accelerate Your Conversion Project?
In moving through the 2010 transition year, some entities are not feeling happy about their current position. If your enterprise waited too long to get started, or underestimated how much work was required, you may well want to accelerate your IFRS conversion project.


Critically examine your current progress—and if you need to move more quickly, take action now. If you need help, make arrangements to obtain it sooner rather than later. The ultimate deadline is a very real one—don’t put your enterprise or its reputation at risk.