A common set of accounting standards provides the global economy with a measure to assess both the potential and the progress companies have made in achieving their goals. The move to a single international financial reporting standard is the most significant initiative in the reporting world.

We are again entering interesting times for IFRS with the Trustees considering changes to the governance of the International Accounting Standards Board, including a new monitoring Group and an enlarged Board that is also updating its work plan. 2011 will also see the conversions of Canada, Brazil and India to IFRS and an announcement is expected in the very near future from the Securities and Exchanges Commission on the road map for IFRS in the US.

1 January 2009 is the effective date for a number of new standards (after the “four years of stability” following the IASB’s decision in 2006 that no new standard or major amendment would apply until then). These include changes to the reporting of Share Based Payments, Operating Segments, Presentation of Financial Statements, Borrowing Costs and Business Combinations (and related Consolidated and Separate Financial Statements).

Ernst & Young’s annual conference brings together leading experts from the financial reporting community. Investors, preparers, regulators and advisors share their views on financial reporting both in Europe and globally. An ideal briefing for chief financial officers, controllers, finance managers and others involved with financial reporting, participants will have the opportunity to network with experts and peers, and debate current issues in sector-specific break-out sessions.

To view full conference details, delegate fees and to register online, please visit www.financialreportingoutlook.com.