The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

IFRS compliance becomes major investment criteria

As many as 74% of UK finance managers would be more likely to buy stock in a company employing International Financial Reporting Standards (IFRS) than one which was not, according to research released today by Robert Half Management Resources, the world's largest financial interim and project consulting firm. This figure rises to an incredible 91% amongst Irish finance managers, but drops to 52% of French respondents.  The European average stood at 65%.


The research, conducted amongst 1000 companies across Europe, also discovered that 62% of UK finance managers believe the cost of implementing IFRS still outweighs its benefits.  French managers were the most enthusiastic about the implementation of IFRS with only one-third believing that the cost outweighed the benefit, compared to a high of 68% in The Netherlands.


In the UK, 70% of finance managers believe that the IASB and European Union's goal of implementing IFRS in small companies is ?unrealistic', potentially leaving Europe's small companies out in the cold and indicating a possible lack of future investment options.  German finance managers were the most sceptical, with 78% citing that IFRS is unrealistic for small companies.  The European average was 67%, with this figure dropping to 55% in Ireland.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree