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New Standards

IFRS 15

The new revenue standard applies to every industry and every business from 1 January 2018. Its wide ranging implications go well beyond the accounting function given revenue affects many crucial business and control processes.

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IFRS 16

A new leasing standard was issued on 13 January 2016. The new standard introduces fundamental changes to the accounting for leases and will have significant business implications in virtually every industry.

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IFRS 9

The new Financial Instruments standard brings fundamental change to financial instrument accounting. There are a number of decisions and choices to be made at transition to the new standard.

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