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IFRS - Financial Reporting

Our PwC experts give you the latest insights into financial reporting and accounting standards change

New Standards


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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For all companies, the new leases standard is either effective already or will become effective during 2019. 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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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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Not-for-profit Sector

Not-for-profit entities are increasingly wanting to modernise their finance functions to meet current and future needs. We’ve outlined areas of interest for not-for-profit entity finance teams to better anticipate and prepare for change.

2021 Financial Reporting Update

As the business environment slowly recovers from a tumultuous 12 months, the need to clearly communicate with the market in a timely manner remains imperative. 

Watch the webcast

As reporting season approaches, we held our annual Financial Reporting Update where our specialists spoke about: 

  • What we are seeing from the regulator

  • Areas of focus in the current standards

  • Upcoming changes

  • Climate risk reporting


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Regina Fikkers

Regina Fikkers

Partner, Assurance, PwC Australia

Tel: +61 (2) 8266 8350

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IFRS Communications, PwC Australia

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