IFRS - Has the dust settled yet?

The last few months have seen significant developments in the use of International Financial Reporting Standards around the world. Not only have new countries such as Korea announced their intention to move to IFRS but, more significantly, recent developments in the US (since this survey was conducted) have opened up the possibility of US groups moving to IFRS and IFRS becoming the predominant accounting language of the world. Against this background the experience of the move to IFRS in London, the largest capital market now using IFRS, is of heightened interest. Many companies have now produced their second set of results under IFRS and listed companies and the capital markets have had another year to become accustomed to the standards. So what do preparers of IFRS accounts think about them?

In a follow up to last year's PricewaterhouseCoopers/Ipsos MORI IFRS report, Embracing Change, this new survey sets out to answer the question: 'Has the dust settled yet?' It asks how positive companies are now feeling about IFRS and its impact on markets and investors. What are their thoughts about future convergence and ongoing accounting issues? Have their businesses been impacted beyond the immediate reporting requirements?