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04 July 2018

IFRS 9 - Why be sensitive about sensitivities?

After four long years, pens have finally started to go down on the IFRS 9 transition. Despite expectations to the contrary, provisions have been relatively stable so far (save for transition adjustments), thanks in large part to stable economic outlooks. Nevertheless, analysts, regulators and others are already asking 'what if'...

19 February 2018

Accounting for Initial Coin Offerings (“ICOs”)

The views in this blog are the views of the author and do not constitute a PwC view on accounting for ICOs. Discussion of the accounting issues associated with digital currencies is not investment advice or the endorsement of digital currencies or digital currency investing. What is an initial coin...

21 December 2017

Have you got your Christmas list in order?

So, it’s 21 December and there are only 4 sleeps before Christmas! If you have been lucky you might have already made a snowman this winter. But now you are getting ready for the big day. Have you ordered your food? Are all the Christmas presents bought and wrapped and...

28 November 2017

Accounting for Cryptocurrency

What is cryptocurrency? Before we get out our big sexy accounting books, a quick refresher on crytocurrencies. A cryptocurrency is a medium of exchange such as the US dollar. There are currently many different types of cryptocurrency in existence. The most popular, Bitcoin, was the first cryptocurrency to appear in...

13 November 2017

Meet the Experts – tackling tremendous financial reporting change

I’m very much looking forward to welcoming all those attending Meet the Experts next week. I’m finalising my introductory slides as I type so time is getting short! We’ve got plenty of content this year, with sessions hosted by investors, preparers, regulators and cyber security experts – so there’s truly...

05 September 2017

IFRS 9 hedge accounting – should I stay or should I go now?

IFRS 9, the new financial instruments standard, is well recognised as having a big impact on banks. But what about corporates? There seems to be a perception that, with a few exceptions, IFRS 9 will have little or no impact. I have heard rumours that a few corporates are thinking...

27 July 2017

The hot summer days of IFRS 17, Insurance Contracts

Half a year has gone since my last ‘temperature check’ on IFRS 17, The Five Stages of Grief Accepting IFRS 17. What has changed since then? Everything! The climate around me is changing every day and I want to share with you what I see. Are people still in grief...

21 July 2017

The only constant is change

By Henry Daubeney As of 1 July 2017 I have taken over as PwC’s Global Chief Accountant and Head of Reporting. I spent the months leading up to this transition shifting my focus from being an assurance engagement leader to being the leader of a global network of IFRS specialists....

01 June 2017

All standards are not actually broken

By Mary Dolson All standards are not actually broken, Not everything needs a review; Acceptance hard won, discontent is woken Can we just leave some be, take a view? Two different due process events at the IASB have forced me to resort to poetry. Should all post implementation reviews mean...

27 April 2017

What is IFRS 17 and why should insurers sit up, take notice and act now?

By Alex Bertolotti Blog snapshot IFRS 17 can impact insurers as much as, if not more than, Solvency II Profit recognition for both life and general insurers set to change under the new standard Don’t leave it too late to start your impact assessment – now is the time! Register...