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IFRS Considerations for Power & Utilities


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Decibel levels continue to rise on the subject of International Financial Reporting Standards (IFRS) in the United States. With frequent communications from many sources, more power and utilities (P&U) companies are now asking questions about what IFRS means for them:

  • “How will IFRS impact my company?”
  • “What triggering events would compel my company’s pace of IFRS adoption?”
  • “What obstacles might we need to consider?”

IFRS is likely to significantly impact P&U companies given their significant investment in property, plant and equipment and often extensive use of derivative instruments. Many U.S. P&U companies also operate subject to governmental regulatory bodies that have set the rates charged to customers, and have many global peers who already report under IFRS.

These issues are addressed in the Deloitte white paper entitled “International Financial Reporting Standards: Considerations for the Power & Utilities Industry.” This publication provides practical industry insights on developing a roadmap for IFRS implementation and includes useful sections on:

  • Understanding the  costs and benefits of IFRS application for the power and utilities industry for accounting and finance, systems and tax
  • Key differences between IFRS and U.S. Generally Accepted Accounting Principles for the power and utilities industry
  • Evaluating approaches to IFRS conversion
  • IFRS lessons from the European experience

Learn more about how to address IFRS in the power and utilities industry by downloading the publication below.


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

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