Some stakeholders state that it is unnecessary to force all companies worldwide to follow a common...
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Some stakeholders state that it is unnecessary to force all companies worldwide to follow a common set of rules. On the contrary, professional and institutional organizations advocated to have single set of accounting standards to make financial statements of multinational companies more comparable, and hence make it easier for investors to evaluate foreign firms and to reduce the cost in consolidating foreign-listed companies. With these arguments, how will the regulators and other institutional organizations of a country encourage companies to adopt IFRS. Some stakeholders state that it is unnecessary to force all companies worldwide to follow a common set of rules. On the contrary, professional and institutional organizations advocated to have single set of accounting standards to make financial statements of multinational companies more comparable, and hence make it easier for investors to evaluate foreign firms and to reduce the cost in consolidating foreign-listed companies. With these arguments, how will the regulators and other institutional organizations of a country encourage companies to adopt IFRS.
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International Financial Reporting Standards IFRS is a set of accounting rules for financial statemen... View the full answer
Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
Posted Date:
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