Uniformity is the biggest advantage to establishing one set of accounting standards IFRS to be followed by all companies around the world. Many signs point to a as that end date, although its unclear whether the companies would have the option of filing in either GAAP or IFRS, or be required to adhere to one converged standard.
Details can be found. With all of the MNC's located here in the States, it's only logical that we join the rest of the world in our reporting standards.
Also for your information and possible research the International Accounting Standards Board website is www. Non-executive directors are expected to outnumber executive directors and hold key posts, including audit and compensation committees.
The rules-based approach uses clearly defined guidelines that promote uniformity, understanding because its application doesnt vary from company to company. Supervisory Board a. Corporate governance is necessary to align and coordinate the interests of the upper management with those of the shareholders.