The Transition of Israel to International Financial Reporting Standards (581 words, 1 pages)
Beginning in 2008, most Israeli public companies were required to adopt International Financial Reporting Standards (IFRS) for financial reporting. Previously, Israel followed its own set of financial reporting standards, Israeli GAAP, which was very rules-based, in comparison to the more principles-based IFRS. Israels process of adopting IFRS was transparent and ...
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