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IFRS Calculator Helps Companies Assess Readiness

GRC Announcements | September 25, 2008

Jefferson Wells—a global provider of internal audit, technology risk, tax, and financial advisory services—recently announced the development of an online calculator designed to help companies determine next steps and best practices as they move forward in preparation for international financial reporting standards.

The interactive calculator provides organizations with 18 questions created to spur discussions and help determine their readiness to transition to IFRS. The answers aim to help companies gauge when they should start transition efforts, identify potential improvement opportunities that would strengthen current operations, and lay a stronger foundation for the eventual adoption of IFRS.

“Starting to prepare now for an organized and strategic approach to IFRS allows companies to take advantage of the time available and avoid a SOX-like fire drill,” said Rebecca Albarelli, global practice leader of the finance...

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