Course Solutions Uncategorized (Answered) : In discussing the future of IFRS it would be useful to look at the stakeholders who would most benefit from convergence. Identif

(Answered) : In discussing the future of IFRS it would be useful to look at the stakeholders who would most benefit from convergence. Identif

In discussing the future of IFRS it would be useful to look at the stakeholders who would most benefit from convergence. Identify and discuss which stakeholders might gain the most and why.

Expert Answer


IFRS convergence would be benificial for all the investors looking to invest in a company, as IFRS would use common accounting standards, there will be transparency of financial statement available .
Investors and stakeholders will find it very convienient to compare their business performance with that of other companies in different countries.
All type of stakeholder would benefit from IFRS convergence

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