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Board members and stakeholders are often surprised by the extent and complexity of such structures, which may in some cases, be counter to the strategic intent of the organisation. In this paper we share our views on reducing the legal entity footprint and achieving sustainable cost reductions and efficiency gains through a closer alignment between a simplified management model and simplified legal structures. 2009 Global Economic Crime Survey Industrial Products 1 Simplifying your industrial business PricewaterhouseCoopers 13th Annual Global CEO Survey The effects of the recent downturn were far-reaching, but as our new survey shows, CEOs continue to work Result to strengthen their organisations while Smarter seeking opportunities emerging from growth structural shifts in their industries, economies and regulatory environments.

32 P  wC aerospace and defence experience Deep aerospace and defence experience PwC’s Aerospace and Defence practice is a global network of 1,200 partners and client service professionals who provide industry-focused assurance, tax, and advisory services to leading aerospace and defence companies around the world. This aerospace and defence experience is enhanced by that of our Public Services practice, which includes an additional 600 partners and 9,000 professionals focused on assisting federal, state, and local governments; international agencies; and healthcare entities.

Although planning for an IFRS implementation may not be an immediate priority in light of the current economic uncertainty, US-based A&D companies would be wise to take a thoughtful and measured approach to assess what IFRS will mean to them. To help companies do this, this publication summarises some of the complex accounting areas that are specific to the A&D industry. IFRS industry series What new accounting standards will mean for the Aerospace and Defense industry PricewaterhouseCoopers 31 Related materials Simplifying your industrial business Many industrial products companies are diverse businesses, with multiple divisions operating in a number of Simplifying your industrial business different countries and regions.

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A&D Insights Accelerating global growth by PWC

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