Converging on the Language of Financial Reporting

Ostling, Danita K.
March 2003
Financial Executive;Mar/Apr2003, Vol. 19 Issue 2, p19
Academic Journal
The article discusses progress towards global adoption of International Financial Reporting Standards (IFRS), as indicated by an annual survey conducted by major accounting firms. The 2001 survey revealed the accounting standards of many nations to have significant differences with IFRS. The 2002 survey, however, showed widespread intentions to either harmonize national standards with IFRS, or adopt IFRS outright.


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