IFRS: New standards – Are you ready?

IFRS: New standards – Are you ready?

Your update on the newly effective and forthcoming IFRSs.

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KPMG IFRS effective dates topic image: a tree shown in four different seasons.

Our summaries cover the four most common financial year ends.

Our summaries of newly effective and forthcoming standards cover the four most common financial year ends.

Find out which standards are mandatory

The five summaries show which new standards have to be applied for the first time in your next financial statements, and the standards that are available for early adoption.

Choose one of the following based on your financial year end:

Access our insight on the new requirements

Each summary provides links to more detail on the new requirements, enabling you to quickly access the insight that you need.

The summaries are updated whenever a relevant pronouncement is issued, making it easier for you to access up-to-date information, whenever you need it.

Plan ahead

IFRS 9 Financial Instruments will become effective in 2018, as will IFRS 15 Revenue from Contracts with Customers, with the IASB having confirmed its plan to defer the effective date of the new revenue standard.

Both will have a significant impact and may require an overhaul of the processes used to produce the required financial information.

Now is your chance to prepare for transition.

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