Under IFRS 10, companies with SPEs and other interests would be forced to do some homework in the fast-changing world of international accounting standards.
The International Accounting Standards Board’s IFRS 10 -- which covers consolidation -- is “to some extent a child of the financial crisis,” says Karl Braun, a partner in charge of KPMG’s U.S. IFRS initiative.
In a KPMG webcast this week, dedicated to consolidated financial statements and the impact of international financial reporting standards, this was the underpinning for a number of lessons about implications of the new standard, and how companies can deal with it, if and when it comes.
See full Article.
Posts
