ESTABLISHMENT OF INTERNATIONAL ACCOUNTING STANDARDS SHOULD HELP ANTI-MONEY LAUNDERING PROBES
April 1st, 2011
BY ALAN OSBORN, KEITH NUTHALL and RAGHAVENDRA VERMA
THE INTRODUCTION of new global accounting standards through the adoption of International Financial Reporting Standards (IFRS) which began some five years ago and will take 10 or more years to achieve is a massive undertaking which will revolutionise corporate bookkeeping and lead to an international standard matrix of values allowing for much greater transparency and facilitating country-by-country financial comparisons. That's the official view. What's less clear is what impact the development, along with ...
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