The use of IFRS brings quite clear benefits, such as cost savings drafting standards and quickly integrate into the international accounting standards are accepted; accounting integration helps companies raise capital on international markets. To date, Vietnam has allowed in (optional) companies listed on their stock market using IFRS when preparing and presenting financial statements in accordance with the market price.
The application of IFRS compared help strengthen reliability and transparency of financial reporting activities. The financial statements based on IFRS are widely accepted in many countries around the world. These factors are prerequisites to access international capital markets.
The financial statements are concerned, are comparable and give a 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 IAC applied in preparing these financial statements, but it also causes a large influence to Vietnam
it usually receives investment by foreign companies
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