Global harmony? Will they save the business world from fraud and scandal, or will they plunge national economies into chaos and confusion? Professor Robert Kirk tells Louisa Roberts about his hopes and fears for the forthcoming international financial reporting standards.

Financial Management (UK)Nbr. 2004, June 2004

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CIMA Conference: Robert Kirk

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Global harmony? Will they save the business world from fraud and scandal, or will they plunge national economies into chaos and confusion? Professor Robert Kirk tells Louisa Roberts about his hopes and fears for the forthcoming international financial reporting standards.

Robert Kirk likens the speculation concerning the introduction of international financial reporting standards (IFRS) to the rumours about what would happen as a result of the millennium bug. He argues that, as people have become involved with what the IFRS principles actually mean, they have started to see how these will really affect them and to recognise the old standards in the ...

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