IFRS


This part of the site shows the results from the survey. Please alter the option in the boxes to view specific country or industry results (results in percentage).


 

25. The International Accounting Standards Board is developing 'International Financial Reporting Standards (IFRS) for private entities' in 2009. Where does your business stand in terms of being ready for the adoption of 'IFRS for private entities'?


  • 10
    We have already adopted it (based on the exposure draft)
  • 29
    We will be ready to adopt it when required
  • 6
    We will struggle to adopt it
  • 4
    We may adopt even if not required to do so
  • 46
    We do not expect to be required to adopt 'IFRS for private entities'
  • 36
    We have not considered this


26. Does your business welcome the adoption of 'IFRS for private entities'?


  • 43
    Yes - [go to Q26A]
  • 52
    No – [go to Q26B]


26A. What are your reasons for welcoming 'IFRS for private entities'?


  • 36
    Increased transparency
  • 18
    Improved group reporting
  • 16
    Easier to raise capital
  • 26
    Increased comparability
  • 28
    Easier interpretation of results
  • 7
    Don't know


26B. What are your reasons for not welcoming 'IFRS for private entities'?


  • 11
    Increased costs
  • 11
    Proposals too complex
  • 53
    No perceived benefit for our business
  • 31
    Don't know


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