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International Financial Reporting Standards (IFRS) - Doc

   

Added on  2021-05-31

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International Financial Reporting Standards (IFRS): Pros and Cons for Investors
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Introduction •Pros and cons for investors in regard to International Financial Reporting Standards •The paper was published on September 2005 and is based on the PD Leake Lecture•Uniform standards should be implemented as it will help in producing uniform financial reporting that seems quite immature (Trajkovska, Temjanovski and Koleva 2016). •It is understood that are substantial differences noted among the countries who are engaged in implementation of IFRS that is now at risk as concealed by a veneer of uniformity.
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Advantages of IFRS •It can be considered that extraordinary success had been achieved in developing a comprehensive set of high quality International Financial Reporting Standards that include almost 100 countries who shows interest in adopting them and in obtaining convergence in standards with significant non-adopters
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