Taiwan rethinks reporting standards
Regulators are keen to align Taiwan's reporting standards with IFRS practices, but the move may set off mark-to-market debates once again.
With most global financial centres already moving towards adopting the International Financial Reporting Standards (IFRS), TaiwanÆs financial regulator says it is breaking its present æconvergenceÆ mode for setting accounting rules to a likely adoption of the principles on the island by 2014.The FSC says it is already studying the issue with a think-tank formed with experts from the islandÆs stock exchanges, over-the-counter trade operators, the local Accounting Research & Develop…
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