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Taiwan begins study of adopting IFRS

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29 Oct 2008

On 28 October 2008, the Taiwan Financial Supervisory Commission announced that it will form a task force to study the adoption of IFRSs in Taiwan.

The task force will consist of government officials and representatives of the Taiwan Stock Exchange, OTC, Big 4 accounting firms, CPA associations, and the Accounting Research and Development Foundation. Adoption details such as the time table and the extent (public company or private company, consolidated or separate financial statements, etc) will be discussed and determined by the task force.

 

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