This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Survey finds that IFRS will improve understanding

  • News default Image

26 Jan 2004

A survey of 425 companies (249 listed and 176 non-listed) in 6 European countries by the French-based international auditing and advisory firm Mazars has found that: --> The great majority of listed companies are confident that adopting IFRS will bring about "beneficial impacts" on the transparency (73% of listed companies) and reliability (79% of listed companies) of their financial statements. Listed companies believe that the largest impact of the change to IFRS will be on their internal organisation, with 57% of listed companies foreseeing "a real opportunity to improve their internal organisation". The majority (55%) of non-listed companies wish to apply IFRS, and 64% of those think that improved comparability and transparency will result from the change. Many companies are late in setting up IFRS implementation programmes, measuring the impact of IFRS, training of employees, and developing external communications strategies for financial analysts, shareholders, and investors. --> Click for link to Download the Study. .

A survey of 425 companies (249 listed and 176 non-listed) in 6 European countries by the French-based international auditing and advisory firm Mazars has found that:

  • The great majority of listed companies are confident that adopting IFRS will bring about "beneficial impacts" on the transparency (73% of listed companies) and reliability (79% of listed companies) of their financial statements.
  • Listed companies believe that the largest impact of the change to IFRS will be on their internal organisation, with 57% of listed companies foreseeing "a real opportunity to improve their internal organisation".
  • The majority (55%) of non-listed companies wish to apply IFRS, and 64% of those think that improved comparability and transparency will result from the change.
  • Many companies are late in setting up IFRS implementation programmes, measuring the impact of IFRS, training of employees, and developing external communications strategies for financial analysts, shareholders, and investors.
Click for link to Download the Study.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.