Contents
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Description
In the paper, “The case for global accounting standards: Arguments and Evidence”, Ann Tarca, factually summarises the various benefits that have come to light through various studies on effects of IFRS in the pre and post adoption phase. The author takes a stand, which criticises and analyses, by raising proper evidence with reference to the effect of IFRS on various entities in different settings. Although the paper largely outlines the benefits of the IFRS, the paper is also critical in giving due credit to factors supporting the success of the IFRS. The author also presents scenarios where the IFRS have not been very successful and the paradox and barriers impeding the success of the standards. We analyse here these effects whether it has been beneficial or otherwise for the stakeholders
