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In the first installment of a two part series, we explore the IT issues related to IFRS. We are joined by two experts, Mahmoud Safavi of KPMG and Steen Skorstengaard of Deloitte (see below for their bios), who were in Europe in 2005 where they experienced the IT issues associated with the conversion to IFRS first hand.
In this episode, Mahmoud and Steen share their overall experiences with IT and IFRS in Europe. Also, they examine the IT implications of the IFRS rules around Plant, Property, and Equipment (PPE) and Leases. They also share some advice to those organizations that have already completed the gap-analysis between their current accounting rules and IFRS.
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