Why IFRS conversion will require a strategic view

09/4/2009 | Journal of Accountancy

Finance executives who look upon the conversion to IFRS as merely a technical exercise are on the verge of making a big mistake, writes Steve Arnold, CPA. "It may bring companywide changes that will spawn new risks," he writes. "These include system changes, modifications to processes impacting employees' day-to-day duties, and new accounting policies."

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