Why private companies may want to switch to IFRS soon

04/12/2012 | Business Finance

This is the year that many private companies may decide to adopt International Financial Reporting Standards, Remi Forgeas writes. The cost for transitioning to IFRS may be lower than expected for some companies, especially for smaller companies that will benefit from simplified standards. The first step for making the switch to IFRS is to assign responsibility for planning and managing the transition. Join the conversation in our LinkedIn group (open to AICPA members).

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