Study finds adoption of IFRSs is 'good news for investors'

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28 Jan 2008

The French Asset Management Association and the French Federation of Insurance Companies have co-sponsored a survey of Investor Perspectives on IFRS Implementation.

The two groups had published a similar survey in December 2004 – shortly before IFRSs became required for listed companies in Europe. The new study is a collection of 14 essays based on interviews that took place mainly at the end of 2006 and early in 2007. The overall impression of IFRSs is quite positive, both in terms of perceived benefits and smoothness of the transition. Perhaps the principal concern expressed is the need for more detailed implementation guidance to achieve consistency of application. An introduction to the essays concludes:

Adoption of IFRS is a good news for investors, assuming that consistent practices emerge in terms of implementation – a condition which, two years after first-time adoption, has still not really been met.

We are grateful to the two sponsoring organisations for giving us permission to post the study. Click to download the English or French version:


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