The Problems of Applying IFRS in Developing Countries

First began using the Worldwide Accounting Standards Board (IASB) in 1975, IFRS started rather in the American-used GAAP, Generally Recognized Accounting Concepts. Today, over 100 countries worldwide use IFRS, a couple of which increased to end up part of with the 1980's and 1990's (Ray). To be able to completely...