Times of change

What audit committees need to know about accounting changes

This publication addresses challenges which impact our clients' business far beyond the Finance function.

Over the past two years, the IASB has finalised three new accounting standards:
  • IFRS 15 'Revenue from contracts with customers' in May 2014 with an effective date of 1 January 2018
  • IFRS 9 'Financial instruments' in July 2014 with an effective date of 1 January 2018
  • IFRS 16 'Leases' in January 2016 with an effective date of 1 January 2019

The adoption of accounting standards introduces a number of risks and challenges to our clients across industries, and is a topic that is front of mind for many audit committees. This publication addresses these challenges, which will impact our clients' business far beyond the Finance function, as well as identifying 5 key questions that audit committees should be asking management about its implementation programme.

City with big buildings aerial view

Contact us

Helen Wise
Director, PwC South Africa
Tel: +27 (11) 797 5293
Email

Follow us