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International Financial Reporting

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This third edition takes as its theme ‘increasing harmonization in financial statements;mixed comparability and diversity in assurance and corporate reporting’.January 2005 marked a significant stage in the move towards acceptance of internationalfinancial reporting standards (IFRS) as the basis for harmonizing financial statements.It was the date from which listed companies in member states of the EuropeanUnion (EU) were required to apply IFRS in their consolidated financial statements, inplace of the accounting standards of their home countries. Beyond Europe other countrieshave taken a range of attitudes. Some have adopted the IFRS in full; some haverevised their national standards to incorporate the main...
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International Financial Reporting

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