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The impact of International Financial Reporting Standards to European companies
Companies around the world are facing one of the biggest-ever change in financial reporting. In Europe, from 2005 there is the requirement to publish consolidated financial statements prepared in accordance with international standards, instead of the old national accounting rules.
2. The main issues facing companies in making the transition to IFRS
The preparation of IFRS-based financial statements needs careful planning and good change management. Apart from the technical issues there is the need of Training & Recruitment, raise internal awareness, review cont…
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