Outline in your own words the key, PRE-IFRS, developmental factors that can differ across countries (e.g. different sources of finance and different legal systems). In your answer explain what the term ‘PRE-IFRS’ means and why the regulatory framework in place during this time period created issues for investors in terms of high levels of investment risk. Why is the concept of a ‘joker’ used to describe this PRE-IFRS period?

Answer rating: 100% (QA)

PREIFRS refers to the era before the widespread adoption of International Financial Reporting Standa... View the full answer