IFRS for Investment Funds
More than just accounting and reporting
As U.S. acceptance of International Financial Reporting Standards (IFRS) becomes imminent, executives across industries are asking themselves what it means for their companies. Conventional wisdom notwithstanding, an IFRS conversion is not primarily an exercise in reshuffling the chart of accounts, nor is it principally a technical accounting and financial reporting matter. According to “IFRS for Investment Funds: More Than Just Accounting and Reporting,” part of our IFRS industry series, companies are likely to spend significant amounts of time addressing concerns around tax, valuation, legal and compliance, people, technology and communications. And the impact of consolidation differences will likely have a significant impact on private equity funds and the companies that manage these funds.
Clearly, a great deal of work is involved in shifting to IFRS. Yet, despite these challenges, you may find that the benefits of reporting under IFRS outweigh the costs. Transitioning to a uniform set of standards carries the possibility of enhancing investor/shareholder value.
“IFRS for Investment Funds: More Than Just Accounting and Reporting” provides regulatory background and steps to consider moving forward, including the following sections:
- Industry Views on IFRS for Investment Funds
- Challenges and Opportunities for Investment Funds
- Your Roadmap
- Technical Accounting Issues for Investment Funds
- More Than Accounting and Financial Reporting
- Smoothing the Transition
- Time for Leadership
- Resources & Contacts
Learn more about how to address IFRS in the investment management industry by downloading the publication below.