The Grant Thornton International IFRS team has published a revised version of the guide The Road to IFRS – a practical guide to IFRS 1 and first-time adoption. The guide deals with the application of IFRS 1 First-time Adoption of International Financial Reporting Standards by entities issuing their first financial statements prepared in accordance with International Financial Reporting Standards (IFRS).

With the exception of IFRS 9 Financial Instruments, the revised guide has been updated to reflect changes and updates in IFRS 1 and other IFRS that have been issued as of June 2012, including those that are not yet in mandatory effect.

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