Over the last year or so there has been widespread debate about IFRS (International Financial Reporting Standards) replacing US GAAP (Generally Accepted Accounting Principles), but how close are we and what does it really mean? Are we really about to see a single worldwide accounting standard applied in every major market?
IFRS - One world, one standard – almost a reality?
We welcome, Hadi Hesab Tehran, our new member firm in Iran, to the global accountancy network UHY, extending our coverage within the Middle Eastern region.
• US businesses close behind with 29% of blockchain patents
• Chinese companies also have big lead in developing AI technology
• Governments may need to consider more R&D tax incentives