Comments on : Delay in Implementation of IFRS

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prabhat

Wrote on 04 August 2012

can somebody tell me that how many companies are giving there data in ifrs

IFRS stands for “International Financial Reporting Standards”. It is posed as the global language of accountancy which is aimed to make the comparison and interpretation of the financial statements across the world easier. This however, is only possible if all the countries prefer the IFRS reporting. Till now, more than 100 countries of the world have adopted the IFRS as their standards of accounting.