In 2005,the adoption of IFRSs had led to:

Question

Quizplus · Accepted Answer

The adoption of IFRSs led to greater transparency and comparability in financial reporting. This was one of the main objectives of the adoption, and it has been largely achieved. IFRSs provide a common set of accounting standards that companies can use to prepare their financial statements, making it easier for investors and other stakeholders to compare different companies and make more informed investment decisions.

Option B is not true because the adoption of IFRSs was expected to reduce the cost of capital as investors would have greater confidence in the financial information disclosed by companies.

Option C is also not true because the adoption of IFRSs was expected to increase market liquidity and cross-border investment by improving the comparability of financial information across countries and reducing information asymmetries.

Option D is not a clear outcome of the adoption of IFRSs, as it depends on various factors such as market conditions and individual company performance.

In 2005,the Adoption of IFRSs Had Led To