A new report from the Institute of Chartered Accountants in England and Wales urges the International Accounting Standards Board to “end the era of convergence,” and give all listed companies around the world the option of applying International Financial Reporting Standards.
The report, entitled “The Future of IFRS,” will be published Wednesday at the ICAEW Financial Reporting Faculty’s major IFRS conference in London. It outlines the progress made toward a global financial language, the barriers that remain, and recommendations for the future.
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