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Overview of the Impact of IFRS on Power & Utilities

Power & Utilities IFRS Series

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The potential move toward International Financial Reporting Standards (IFRS) is picking up momentum in the United States, particularly in light of the U.S. Securities and Exchange Commission’s (SEC's) recent announcement of a proposed road map for IFRS conversion. But what exactly is IFRS? And what will be the IFRS impact on power and utilities companies? What are the broader implications in terms of converting accounting policies and processes, related internal controls and even the impacts on information technology and human resource activities? Will other arrangements such as debt covenants feel an impact as a result of the effects of different balance sheet treatments on important financial metrics and ratios?

Listen to our discussion on IFRS and how the standards are likely to have an effect on each of these areas within a power and utility company environment. We shared our thoughts on the potential impacts, and how you can prepare to ensure that your transition to IFRS is well-planned and executed to minimize the disruptions on your business operations.


Jan Umbaugh, partner, Deloitte & Touche LLP
Brian Murrell, partner, Deloitte & Touche LLP


Charlie Muha, partner, Deloitte & Touche LLP

As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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