If ever there was a sign that the IFRS message is succeeding, it was the recent news from China that the authorities there have made the standards their new rule book.
The world’s fastest-growing economy has placed IFRS at the centre of its efforts to continue growing and, more importantly, appease inward investors.
Given China’s size and potential, this is quite a moment, perhaps even a watershed that can only be surpassed when the US regulators finally say they are happy to have IFRS used on Wall Street. It means that IFRS could be the means by which an economic monster can make itself credible.
See full Article.
Posts
