Business, Management and Accounting
8 years ago

Financial reporting standards convergence burdens small organizations outside capital markets.

National and international financial reporting standards convergence and the relevance for non-participants in capital markets: a preparers perspective
Victoria Wise, Jeffrey Faux

Paper Summary

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The study looks at how new financial reporting rules might affect small businesses that don't trade on the stock market. A survey of experts suggests that these businesses could face more work to meet the new standards. They worry that the reports might not be useful to the usual readers. This could be important for countries like Malaysia and New Zealand that are talking about changing their reporting rules.