TURKEY SHIFTS TOWARDS IFRS – BUT ACCOUNTING REFORMS WEAKENED BY LARGE IFRS-EXEMPT SME SECTOR
February 1st, 2014
Over recent years, Turkey has become one of the world’s most important emerging markets. Positioned at the crossroads of Europe and Asia, over the past five years Foreign Direct Investment has grown from just over USD1 billion to an annual average of USD13 billion. And although over recent months the country has been affected by political difficulties, especially since the launch on December 17 of a controversial corruption investigation targeting a number of people close to Prime Minister Recep Tayyip Erdoğan’s administration, Turkey’s economy is still ...
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