Thread: Too much silence in Accounting department... why? Sir Raz, Kindly help!
View Single Post
  #16  
Old Wednesday, September 09, 2015
Awesum Farhan's Avatar
Awesum Farhan Awesum Farhan is offline
Senior Member
  
Join Date: May 2015
Location: Lahore
Posts: 107
Thanks: 19
Thanked 92 Times in 48 Posts
Awesum Farhan is on a distinguished road
Default
I'm talking in general.. Yes we are following Local Laws as per companies Ordinance 1984 for presentation of statements etc. But IAS and IFRS have been enforced through ICAP. Why ?? For Comparability around the globe.. IAS and IFRS are same.. But after 2000 IASB has issued some new standards about Economical siginificant companies, etc and we are using some of IFRS..!!
__________________
“There's no shortcut of certain success"
Reply With Quote