Industrial Markets
The application of IFRS: oil & gas
IFRSs took a significant step forward in 2005 with the first wave of countries adopting the standards, and after three years of wide experience, now seems an opportune time to take stock of how oil & gas companies are applying IFRSs in practice.
This executive summary has been drawn from The application of IFRS: oil and gas, published in October 2008, and focuses on the results of a survey of the IFRS financial statements of 33 companies in the oil and gas sector across 14 countries.
The survey highlights areas in which nuances of companies' previous GAAPs have been carried through to their IFRS accounting policies and disclosures.
The survey highlights areas in which nuances of companies' previous GAAPs have been carried through to their IFRS accounting policies and disclosures.
A copy of the publication can be downloaded by clicking on the link below.
