What to look forward to in 2006

摘要

Many companies will be in the midst of preparing their 2005 financial statements and for listed companies this means grappling with International Financial Reporting Standards (IFRS) for the first time in a full set of annual accounts. The challenge of converting to IFRS has been significant, probably much more difficult than most people in the UK originally estimated. Many of the underlying principles might be the same but there are a number of significant areas of divergence and in many cases it really is a case of 'the devil is in the detail'.