A CHIEF concern about the push for global accounting standards is the possibility that the developed economies, particularly the United States and Europe, will dominate the shaping of this common language of financial reporting.
Such a situation, it is feared, will result in the smaller countries being on the losing end because the standards may ignore the practices and conditions in those places.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!