Calculating IFRS readiness

Jefferson Wells, a professional audit services provider, has developed an online calculator designed to help companies assess their readiness for International Financial Reporting Standards (IFRS) adoption. The tool is also aimed at spurring discussion and debate. Of course, if a firm picked up the phone and dialed the Milwaukee-based company, that would be fine too. The calculator steps through 18 questions to help determine when a company should begin the transition process among other things. My guess is that few companies have really invested in the transition. Hopefully, that will change rapidly.

For more on this new tool:
- here's the article

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