What are the advantages an entity could gain by adopting International Reporting Standards for its financial reporting purposes?

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/01/29

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by Mohamed Rahid , Supervisor, Financial Services Audit , KPMG

Following points could lead to an advantage to an entity by adopting IFRS

> International recognition on financial reporting and presentation

> In line with the global reporting standards

> Would be able to impress stakeholders

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