IFRS Conversion

Since 2005 IFRS are mandatory for many listed companies in Switzerland, and market pressure is also prompting an increasing number of non-listed companies to adopt IFRS/IAS. However, making this change still remains a real challenge due to the complexity of International Financial Reporting Standards. This is far from being a simple process, and companies that undertake this transition need to start their preparations well ahead of time.

A solution that meets your needs

PricewaterhouseCoopers has recognised for some time that using the IFRS framework can dramatically improve the quality of financial reporting and boost international investor confidence. To assist companies in implementing the change, we have developed a simple but effective methodology that enables us to work in close conjunction with them throughout the transition period. Coupled with our IFRS expertise, this project management methodology offers a cost-effective and efficient means of converting to IFRS. Making the change to IFRS provides a range of advantages, both internally and externally.


Your benefits

Converting to IFRS means much more than simply a change in accounting rules – it entails a change process for the entire organisation. The benefits that this can bring include:

  • improved financial communication
  • better transactions with foreign partners
  • easy access to capital markets
  • simplified comparisons with foreign competitors
  • harmonised accounting policies
  • better quality of internal management information, using accounting policies that are more economy-driven

Based on our experience of working closely with clients reporting under IFRS, we are aware of the requirements of conversion and of compliance. We therefore set up this platform to provide you with the most current and accurate information available on IFRS from the PwC worldwide IFRS competence centre.


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