Question: CASE STUDY IFRS is a Big Four gravy train by Richard Murphy Stewardship, financial performance, delivery of value for money and action over time all

CASE STUDY IFRS is a Big Four gravy train by Richard Murphy

Stewardship, financial performance, delivery of value for money and action over time all seem to be quite relevant and desired accounting attributes for local authorities. If IFRSs are wholly uninterested in these attributes, then why are IFRSs being imposed on UK local authorities? Who are the major beneficiaries of this move? How are they likely to be benefitted? (10 marks= 750 words)

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