This is an interesting area where I want to open some discussion.

I'm new here, and this my first post, so hello!

I've been following the daunting idea of IFRS and what it will mean for business as more and more countries adopt the standard.

Is it generally okay to say that it is a good practice? Especially in a time where so many businesses are being weeded out for faulty accounting and practices, the maddoffs, etc...

Or is it just another bureaucratic hurdle that the investor will be barred from?

A lot of the powerhouse accounting firms are taking stand on the idea, deloitte is one that comes to mind.

What are your thoughts?