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IFRS Survey 2009 For Private Companies

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Executive Summary

A deloitte survey of private companies shows many respondents support separate accounting standards for private companies, yet a significant number of respondents are still unaware of the International Accounting Standards Board's (IASB's) newly issued standard, International Reporting Standards for small and medium Sized Entities ("IFRS for SMEs"). Interest among private companies for having a separate set of accounting and financial reporting standards could increase with more education.

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