As of today, the Autorit des Marchs Financiers mandate that French listed firms within the Socit des

As of today, the Autorité des Marchés Financiers mandate that French listed firms within the Société des Bourses Françaises must apply IFRS for their consolidated financial statements. However, in France, French individual companies are prohibited from using IFRS. In your opinion, what are the advantage and disadvantages for a country such as France that would follow from permitting companies to apply IFRS in their individual financial statements?

Answer rating: 100% (QA)

International Financial Reporting Standards IFRS are a set of accounting rules for the financial sta... View the full answer