A false sense of comparability may develop during translation of an IFRS from English into another language.

Question

Quizplus · Accepted Answer

This is because certain terms in accounting may have different meanings when translated into another language and the context of the original language may not carry over. Therefore, financial statements prepared using the translated IFRS may not be comparable with those prepared using the original English version.

A False Sense of Comparability May Develop During Translation of an IFRS