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Real Time - delivering IFRS in the oil and gas and utilities industries

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June 2006

With many companies at the end of their first full IFRS reporting period, we publish Real Time, which examines the reality of reporting under the new standards for companies in the oil & gas and utilities sectors.

Real Time looks across the value chain of each industry and discusses in detail how the new standards are being put into practice and identifies areas where companies have to exercise considerable judgement in applying the standards. We see how developments in the wider environment, such as emissions trading and energy price volatility, are accentuating the reporting challenge faced by companies and how companies are responding to these challenges.

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