The warnings are nothing new. But they are certainly getting louder and more earnest. Corporate education, information and communication on upcoming IFRS is urgently needed, according to a report released by KPMG.
The study says that companies must step up their efforts to assess and communicate the impact of International Financial Reporting Standards (IFRS) on their financial reports or risk an impact on share price.
In a survey of 100 buy- and sell-side investment analysts, 53% believed that the introduction of IFRS would have an impact on the valuations of company shares, but said that the markets had not yet factored these impacts into pricing.
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