Believing it will make it easier for investors to compare firms across countries and make it easier to raise capital globally, most large accounting firms and multinational firms favor the switch from GAAP to IFRS.

Question

Quizplus · Accepted Answer

Most large accounting firms and multinational firms support the switch from GAAP to IFRS because IFRS provides a more standardized and globally accepted framework, facilitating easier comparison and capital raising across international markets.

Believing It Will Make It Easier for Investors to Compare