Upcoming decisions by Chinese and Indian regulators on whether to adopt IFRS accounting standards could be heavily swayed by a similar decision taken by US policymakers.International Accounting Standards Board chairman Hans Hoogervorst declared on Thursday that the organisation will "do all that it can" to help the world's biggest economies adopt its standards.
However Hoogervorst warned that while he believes "the prospects are good" for the US to endorse the IFRS standards, its decision could influence the direction of other major world economies.
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