Navigate a Shifting Regulatory Landscape

IFRS15 was developed and brought into force from 2018 to bring transparency to revenue recognition. Its business impact goes far beyond the finance function, so our practitioners work closely with firms to where the latest technologies can help them deliver compliance as efficiently as possible.

In force from January 2019, IFRS16 adds complexity to the lease accounting process, increasing the time and effort it takes firms to complete – along with the added risk of inaccuracy. We use our expertise to advise on and source solutions that reduce the burden of compliance on the finance department.

In force from 2023, IFRS17 represents a significant change in the regulatory framework for insurance contracts. Firms need to be ready to handle huge data flows at a pace, so we help them better understand the new requirements and how the latest cloud-based systems provide a clear route to compliance.

While designed to bring greater consistency to US accounting standards, generally accepted accounting principles (GAAP) create a major challenge for firms as they navigate a complex mixture of rules and requirements. We help businesses create an effective pathway to compliance while delivering improved insight into business performance.

Arriving in 2018, MiFID II expanded the scope of the original harmonised standard for investment services across the European Economic Area. Our experts help finance teams tackle the additional complexity of compliance, identifying solutions that streamline the process.

Developed to strengthen risk management, governance and transparency banking, Basel III was a far-reaching reform of regulation in the sector. We help firms understand and manage its impact on their business while laying the foundations for compliance with the forthcoming Basel IV standard.

Solvency II is designed to consolidate regulations for insurance firms across the EU into a single standard while ensuring adequate levels of consumer protection. Leveraging our industry expertise, we help organisations create efficient processes that deliver an effective route to compliance.

Designed to improve the flexibility of finance systems under GAAP, LDTI will involve significant changes to systems, processes and data for many firms. We guide organisations in identifying and implementing these changes to meet the standard’s requirements by its January 2023 deadline.