n Professional Accountant - Facing the challenge of IFRS adoption

Volume 2011 Number 1
  • ISSN : 1680-7537


Extracted from text ... New research presented by Ernst & Young has highlighted the challenges that companies face as they transition from South African Generally Accepted Accounting Practices (SA GAAP) to the International Financial Reporting Standards (IFRS). These challenges include greater complexity than anticipated, high costs in some cases, poor understanding of the reasoning for the transition, as well as the potential confusion - instead of improved disclosure ~ of company performance information. These are the findings of the "Transition to IFRS: the final analysis results" survey released by Ernst & Young recently. According to James Luke, Ernst & Young Audit ..

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