Most companies have coped well with the adoption of IFRS – so far, but the story doesn't end with the interims, as Ian Dilks, IFRS conversions leader at PwC
To date, relatively few companies have completed their first full set of accounts under IFRS. This is not surprising, given that only around half of FTSE companies have December year-ends these are early days in terms of assessing how companies have coped and how the market has responded.
It is possible, all the same, to take an early IFRS pulse reading, based on announcements to date and anecdotal evidence. The resulting assessment is: so far, so good.
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