Perhaps it's time to step back
from the glitzy sale around IFRS – and financial reporting
in general – and reconsider, suggests Jonathan Russell
Accounting bodies of late seem to be getting more and more concerned
about new IFRS regarding the form and content of financial statements.
I hope it is because someone has suddenly woken up with a dose of
reality. I love technology but very frequently we need to take a step
back when the salesman explains some wonderful new features available
on the latest office device and think 'does this function actually
deliver something I want'. Just because we can, does not necessarily
mean we should.
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