Title: Implementation of International Financial Reporting Standards for nonfinancial companies and their impact on financial stability monitoring at the Central Bank of Chile
Abstract:For a country like Chile, the adoption of IFRS is an important step in the process of adhering to international standards and good practices in general. These accounting standards facilitate compariso...For a country like Chile, the adoption of IFRS is an important step in the process of adhering to international standards and good practices in general. These accounting standards facilitate comparison across global issuers, as they provide a common language basis, a fact that is widely recognized in the countries that have already adopted IFRS. In addition, they improve and increase information available to investors, including more elements related to economic and financial behavior and risk assessment of the firms. In theory, all this should increase market efficiency and reduce capital costs.Read More
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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