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 to IFRS.

Question

Quizplus · Accepted Answer

The statement is true, as evidenced by the fact that many large accounting firms and multinational firms have openly expressed their support for the adoption of IFRS. One of the key benefits of IFRS is that it provides a globally recognized set of accounting standards that can be easily understood and compared across different jurisdictions, making it easier for investors to make informed decisions about where to allocate their capital.

Believing It Will Make It Easier for Investors to Compare