Money talks for IFRS conversion

TS WAS CANVASSING opinions on IFRS for SMEs last week, and one concerned contributor claimed accountants are all in favour of the changes for less-than-honourable reasons.

Filthy lucre is on their minds, claimed the stakeholder, saying firms stand to make a mint from the switch to international accounting standards. Retraining, new text books, advising flummoxed clients – all these stand to pull in a few pennies for accountants, the contributor said.

TS knows where it will be going to borrow money for a pint.

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