Will IFRS take over the accounting world by 2014?
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Throughout the years the globalization of businesses has steadily increased causing a growing acceptance of a generalized set of standards for accountants across the world. In April 2001, the International Accounting Standards Board (IASB) was founded to undertake the responsibilities of the International Accounting Standards Committee (IASC) established in 1973. The IASB is made [...]
