Title: Fifty‐Seven Serious Defects in ‘Australian’ IFRS
Abstract:Australian accounting standards commonly used in the preparation of company financial reports have a controversial origin. Under a protocol adopted by the Financial Reporting Council, Australian accou...Australian accounting standards commonly used in the preparation of company financial reports have a controversial origin. Under a protocol adopted by the Financial Reporting Council, Australian accounting standards since 2005 substantially replicate the International Financial Reporting Standards (IFRS) made by the International Accounting Standards Board. These standards' continued development is largely outside the control of Australian authorities. The standards examined are found to have such a large catalogue of conceptual and technical deficiencies that the authors call to question the adoption of an Australian IFRS protocol.Read More
Publication Year: 2008
Publication Date: 2008-03-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 41
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