Question
iii) As noted in the case study in Intermediate Accounting, IFRS Third Edition (Kieso) on Investments, the survey of Chartered Financial Analysts on IFRS 9
iii) As noted in the case study in Intermediate Accounting, IFRS Third Edition (Kieso) on Investments, the survey of Chartered Financial Analysts on IFRS 9 indicate that just 47 percent believe the IASB's approach improves the decision-usefulness of information. This lukewarm support for the new rules is somewhat troubling given that the group surveyed is representative of the IASB's key constituencyinvestors and creditors. Interestingly, the European Union initially refused to adopt the requirements of IFRS 9, arguing that this standard requires too much fair value information. From the accounting point of view, why do you think there is a lukewarm support of IFRS 9 by the analysts of financial statements?
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