Jefferson Wells has introduced an online IFRS Readiness Calculator to help companies assess their preparedness for the transition to International Financial Reporting Standards.

The interactive calculator includes 18 questions that organizations can answer to establish how well positioned they are for the transition from U.S. generally accepted accounting principles. The Securities and Exchange Commission has proposed a roadmap that would require public companies to move from U.S. GAAP to IFRS in the next few years.

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