Opinion: Adopting IFRS can be a complex process

02/4/2013 | Financial Director (U.K.)

Financial directors, especially of smaller companies, could find the process of adopting International Financial Reporting Standards daunting, according to this opinion piece. The complex process is further complicated by the involvement of various standard-setting bodies in the consultation process. "We are faced with an evolving set of standards with amendments announced even before standard adoption," the author identified only as "The Secret FD" writes.

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Financial Director (U.K.)