First-time adoption of IFRS in world wide effect?
The IASB is interested in why jurisdictions, or entities within jurisdictions that allow instead of require the use of IFRS, elect to adopt IFRS. Is it to enhance access to capital (does it affect the cost of capital?); broaden the investor base (does the mix of investors, particularly from outside the jurisdiction, increase?); reduce costs (does it allow entities to use IFRS globally instead of having to run multiple GAAP systems, or reduce the reliance on multiple external GAAP experts?); to align their accounting with peers who have already adopted IFRS?; or to improve the comparability of information used to assess management? Are there characteristics of an economy or an entity that influence the decision to adopt.
For more details on IFRS please read the following article-> IFRS Detail
For more details on IFRS ACCA please read the following article-> ACCA IFRS DETAILS
For fee related things pleases read the following article-> IFRS Fees