The increasing perception is that IFRS is overly complex and is complicating the search for appropriate forms

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The increasing perception is that IFRS is overly complex and is complicating the search for appropriate forms of financial reporting for entities not covered by the EU Regulation. Discuss whether

(a) the current criteria for defining small and medium companies is appropriate; and

(b) having a three-tiered approach with FRSSE for small, IFRS SME for medium-sized, and IFRS for large private companies might alleviate the problem. ‘

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Financial Accounting And Reporting

ISBN: 9780273730040

13th Edition

Authors: Barry Elliott, Jamie Elliott

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