Allister Wilson, senior technical partner at Ernst & Young, warns companies of IFRS regulation risks
Listed companies have been warned that regulators could well find problems with their IFRS accounts over the next few months.
Speaking at CIMA's annual conference, E&Y senior technical partner Allister Wilson said that the fair-value model used in IFRS accounts undermined the reliability of numbers – an issue that regulators were likely to probe over the coming months.
'Under the fair value model reliability of numbers becomes an issue and this is going to be a risk when regulators start going through IFRS accounts,' said Wilson.
See full Article. Also Senior E&Y technician warns of IFRS scrutiny and Senior partner raises IFRS regulation fears
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