IFRS: The Statutory Reporting Opportunity
Reduce risk and improve efficiency
International Financial Reporting Standards (IFRS) has replaced local Generally Accepted Accounting Principles (GAAP) for statutory reporting in many countries. Most countries have adopted IFRS either fully, partially or optionally. As it stands, IFRS is more complex and restrictive than local GAAP used to be. This presents new risks and significant opportunities for multinational corporations.
Resources: International Financial Reporting Standards
Resources: IAS Plus