Challenges and Successes In Implementing International Standards: Achieving Convergence To IFRSs and ISAs

A new international study, commissioned by the Board of the International Federation of Accountants (IFAC), identifies the challenges to adopting and implementing International Financial Reporting Standards (IFRSs) and International Standards on Auditing (ISAs) and recommends actions to be taken by all those in the financial reporting supply chain to achieve convergence to international standards. Entitled Challenges and Successes in Implementing International Standards: Achieving Convergence to IFRSs and ISAs, the study also provides examples of successful adoption and implementation to serve as models for other countries.