INTERNATIONAL FINANCIAL REPORTING standards are on everyone's mind. Standard setters the IASB are running out of time to complete the last few crucial rules before the December deadline for US convergence, while UK equivalent the ASB is elbow deep in a consultation on IFRS for SMEs (FRSME).Companies are interested because changes materially affect their business, and accountants are with them every step of the way - but how are the firms faring on the back of IFRS-inspired changes?
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