On 1 January 2005 Australia adopted IASB standards. Do you agree with this change? Why or why… 1 answer below »

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On 1 January 2005 Australia adopted IASB standards. Do you agree with this change? Why or why not?

International Financial Reporting Standards or more commonly known as the IFRS is a set of standards that helps in presenting the financial accounting in a certain language that is acceptable and understandable in the international standards (Kim, Shi, & Zhou, 2014). This essay has been divided into two cases

Australia’s adoption of IASB standards opens a wide door for the improvement of Australia in many ways hence the change

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