Fund managers welcome IFRS reports' transparency.

Position:International financial reporting standards - Brief article

International financial reporting standards are already having a significant effect on investor behaviour across the EU, according to a recent survey.

More than half of the 187 fund managers questioned in the poll said that the IFRS information reported last year in the form of initial interim results had directly affected their decisions. Nearly a quarter said that the figures had influenced their decision to buy shares, while 17 per cent reported that they had been a factor in their decision not to invest.

The new standards may also be improving investor confidence. Three-quarters of respondents said they thought that IFRS had been useful in showing a firm's financial risks more clearly. About the same...

To continue reading