The ARDF, established in 1984, has been designated by the Taiwan Securities and Futures Bureau to develop Taiwanese GAAP. The chairman of the Foundation, Dr Rong-Ruey Duh, made a comprehensive keynote presentation on Convergence with IFRSs: The Experience of Taiwan
(PDF 111k). The presentation reviews the process for setting accounting standards in Taiwan, the current state of convergence with IFRSs, the factors affecting convergence, and the outlook in Taiwan. We are pleased to post the presentation with the kind permission of Dr Duh. The presentation is copyright 2006 by the Accounting Research and Development Foundation, Taiwan, all rights reserved, and should not be reproduced without the author's permission.