RegulationAccounting StandardsCashing in on IFRS

Cashing in on IFRS

TS WAS CANVASSING opinions on IFRS for SMEs this 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 observer, saying firms stand to make a mint from the switch to international accounting standards.

Retraining, new text books, advising flummoxed clients – all these will 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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