Report: IFRS gaining global ground

A study by the IFRS Foundation of 66 jurisdictions found that 55 of them require the use of International Financial Reporting Standards for nearly all public companies. Countries that haven't formally adopted IFRS are also making inroads in their use, and the majority of jurisdictions that responded to the survey have made public commitments signaling their intent to employ the standards.

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Wall Street Journal (tiered subscription model), The · AccountingWEB