A strategic assessment for Vietnamâs adoption of IFRS 10:27 | 01/02/2021
Companies that have benefited most are those that have looked at this as a chance to make improvements to their systems and processes and have used it as a focus for more efficient, punctual and meaningful internal and external financial information.
By Tran Hong Kien - Partner of Assurance and Accounting Services PwC Vietnam
International Financial Reporting Standards (IFRS) has become the most common accounting language globally. The official approval by the Ministry of Finance (MoF) in Decision No.345/QD-BTC in March last year signifies Vietnamâs commitment to enhancing the quality and transparency of financial reporting in Vietnam towards global standards.