In.Addition countries could, continue to follow the 'two-standard' system that is listed firms,,,Follow full IFRS for consolidated accounts and private firms apply national GAAP for individual.Accounts (non-adoption of IFRS for SMEs) (Street and Larson 2004). Thus in countries, where.Governments and market participants have gained positive experiences with, domestic GAAPNon-adoption is likely to remain the status quo.
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