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Ifrs Vs AasbReplace all but a few accounting standardsUnexpected and controversialFor general purposesConsistent with the tradition of sector-neutral standardsApplied to not-for-profit entities (did the pre-2005 standards apply?)*personal opinion: new standards were more difficult to work with than the pre-2005 set (may be subjective)Faulty draftingRules based on unclear or inconsistent principlesRules were unnecessarily complex or ambiguousThe.
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Accounting Standards Board PaperIfrs Vs AasbLustigs Personal OpinionMember Of Eu