How should we address the need for 2010 financial information prepared under both Korean GAAP and IFRS?
Companies will need to restate their opening balance sheet and be in a position to report under both IFRS and Korean GAAP for the calendar year 2010. Companies can either conduct dual GAAP accounting throughout the transition period or some form of restatement from Korean GAAP to IFRS at each reporting date.
Related Questions
- How will management address the need for 2010 financial information prepared under both Canadian GAAP and IFRS?
- How should we address the need for 2010 financial information prepared under both Korean GAAP and IFRS?
- How should we address the need for financial information prepared under both Indian GAAP and IFRS?
