The use of IFRS brings the benefits are quite clear, such as: cost savings and benchmark Editor to quickly integrate into the international accounting standards are accepted; the integration of accounting help for companies raising capital on the international market. Up to now, in Vietnam has allowed (not required) companies listed on the stock markets of them use IFRS FINANCIAL STATEMENT presentation, and when according to the market price.The application of IFRS enhances the possibility of comparison and transparency of financial reporting activities. The financial report established according to IFRS are widely accepted in many countries of the world. These elements are prerequisites to approach the international capital markets.The financial statements are relevant, can compare and reflect the true financial situation of the organization is what investors are looking for in making their investment decisions.Although there are not many companies in Vietnam to apply the IAC in financial reports but it's also pretty great influence to Vietnam
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