International Financial Reporting Standards (IFRS): Standardization or Harmonization
Abhinav National Monthly Refereed Journal of Research in Commerce & Management Volume 4 , Issue 3 (March, 2015)
4 Pages Posted: 4 Apr 2015 Last revised: 29 Oct 2017
Date Written: March 13, 2015
This paper focuses on the issue of standardization and harmonization of International Financial Reporting Standards. For the purpose qualitative analysis of the secondary data has been done. Findings and conclusion suggests that harmonization of accounting and financial reporting standards, practices and frameworks for making it homogenous is better option than that of the standardization because of its accommodative and inclusive nature.
Keywords: International Financial Reporting Standards, IFRS, Standardization, Harmonization
Suggested Citation: Suggested Citation