Question: The increasing perception is that IFRS is overly complex and is complicating the search for appropriate forms of financial reporting for entities not covered by
The increasing perception is that IFRS is overly complex and is complicating the search for appropriate forms of financial reporting for entities not covered by the EU Regulation. Discuss:
(a) Whether the current criteria for defining small and medium-sized companies are appropriate;
(b) To what extent the provisions of the new Accounting Directive might alleviate the problem.
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a The current criteria for defining small and mediumsized companies are appropriateThe current crite... View full answer
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