Question

two benefits of convergence of IAS AND IFRS​

Answer 1

Answer:

IFRS significantly improves the comparability of entities and provide more consistent financial information. IFRS are accepted as a financial reporting framework for companies seeking admission to almost all of the world's stock exchanges (including US).

Answer 2

Explanation:

Beneficial to the Economy.

Beneficial to Investors.

Beneficial to the Industry.

More Transparency.

Cost Saving.

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