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Oil and gas: accounting. Largest accounting change in 25 years. Chris Skrebowski. Petroleum Review November 2003 P. 46

Launching PricewaterhouseCoopers' 'Crunch Time' report Manfred Wiegand, Global Utilities Leader, explained that the requirement to adopt IFRS by the end of 2005 represented the biggest accounting change in 25 years for companies, particularly for companies reporting under national accounting standards. Implementation needs to be started immediately if the deadline is to be met.

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