The controversial benefits of complex accounting standards

KPMG in the media: Daniel Haas

More than 50% of all corporations listed on the SIX Swiss Exchange prepare their consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs). Questions regarding the benefits of introducing a single standard are particularly justified at those companies that have found themselves faced with the high cost of conversion. Daniel Haas explains the cases in which the IFRS seal of quality could be advantageous nevertheless.