At the recent ACT conference, IFRS and Shareholder Value: An Unlikely Marriage, sponsored by Lloyds TSB Corporate Markets, it was clear that treasurers remain sceptical over international financial reporting standards (IFRS). Conference Chairman Helen Jones, Global Head of Tax and Treasury at Reuters, asked attendees whether, after two years to amiliarise themselves with IFRS, they thought investors understood their accounts better under IFRS than under UK GAAP. The response was emphatic: 24% said yes, but 76% said they understood less.
