{"id":1864,"date":"2011-01-01T00:00:00","date_gmt":"2021-02-13T18:23:50","guid":{"rendered":"http:\/\/financiallawinstitute.ugent.be\/index.php\/wps\/ias-some-longer-term-views-on-ifrs\/"},"modified":"2021-02-13T18:23:50","modified_gmt":"2021-02-13T18:23:50","slug":"ias-some-longer-term-views-on-ifrs","status":"publish","type":"wps","link":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wps\/ias-some-longer-term-views-on-ifrs\/","title":{"rendered":"IAS &#8211; Some Longer Term Views on IFRS"},"content":{"rendered":"<p>The IFRS have been an impressive success story being applied by about 2\/3rds of the world. Essentially the US remains outside, at least until further notice as the SEC is planning to make a new move in 2011, while &#8220;marking to market&#8221; has been announced to be open for a more flexible reading.<br \/>\nThe main objective will be to keep the IFRS truly worldwide, what is a valuable public good, but may be difficult to achieve. There is a risk of differences in rulemaking, in interpretation and in application. Strong monitoring will be needed to keep the IFRS identical all over the world.<br \/>\nNational differences in accounting rules and interpretation may be due to different needs: shareholder v. creditor protection. This divide also characterizes several company law provisions, and should be overcome.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"inline_featured_image":false},"categories":[],"class_list":["post-1864","wps","type-wps","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wp-json\/wp\/v2\/wps\/1864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wp-json\/wp\/v2\/wps"}],"about":[{"href":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wp-json\/wp\/v2\/types\/wps"}],"wp:attachment":[{"href":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wp-json\/wp\/v2\/media?parent=1864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financiallawinstitute.ugent.be\/index.php\/wp-json\/wp\/v2\/categories?post=1864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}