Will IFRS Help?
Financial Post Management Oct. 28, 2008
Posted: 1 Jul 2013
Date Written: October 28, 2008
In Canada, public companies are currently making a transition from the use of Canadian accounting standards to International Financial Reporting Standards (IFRS). This shift is fuelled by two key promises:
-That the international harmonization of accounting standards will result in comparable and consistent financial statements; and
-International accounting standards that are principlesbased (as opposed to rulesbased) will improve the quality of financial statements.
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