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Global adoption of IFRSs – implications for the profession

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28 Dec 2007

The Q4 2007 issue of Insight, the IASB's quarterly journal, includes an article on IFRSs Going Global: Implications for the Profession.

The article has a number of comments from Ken Wild, Deloitte's Global Leader for IFRSs, including the following about the benefits of IFRSs:

The benefits are self-evident. The more investors and other stakeholders think that they understand something the more likely they are to provide money or invest in it. It all depends on how much confidence they have in the company and there will always be an element of doubt if the language is different.

Insight is copyrighted by the IASC Foundation. We have posted the article with the kind permission of the Foundation. Click to view IFRSs Going Global: Implications for the Profession (PDF 472k). You can subscribe to Insight by going to the IASB's Website and then clicking on 'Shop'.

 

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