"The Future of IFRS: Challenges and Opportunities in a Rapidly Changing Global Business Environment"

Registration ID: IJNRD_212157

Published ID: IJNRD2401071

DOI: Click Here to Get

Supriya Medari , G Vinesh Kumar

IFRS, Challenges, Opportunities, Global Business Environment

This analysis explores the constantly changing global corporate environment and how International Financial Reporting Standards (IFRS) are changing. The research critically looks at the difficulties that IFRS faces, especially with regard to its ability to change to meet the complex needs that contemporary technology presents. Underscoring the interconnectedness of global economies, the study reassesses IFRS's efficacy in creating an open reporting framework that cuts beyond national boundaries. The investigation also encompasses the revolutionary prospects that arise from these difficulties, particularly the utilization of digital advances to improve decision-making procedures, expedite reporting processes, and improve data accuracy. Additionally, the paper explores how IFRS practices are shaped by sustainable financing. In particular, it emphasizes how environmental, social, and governance aspects are integrated into IFRS frameworks, encouraging socially conscious financial practices and harmonizing methods for reporting on climate change. In the end, this research provides a thorough road map for the development of financial reporting standards. Through the provision of insightful information on the strategic imperatives of IFRS in an environment full of opportunities and challenges, the analysis gives stakeholders the tools they need to successfully navigate the terrain of international financial reporting in the future.

Published Paper   E-Certificate

Supriya Medari & G Vinesh Kumar (January-2024). "The Future of IFRS: Challenges and Opportunities in a Rapidly Changing Global Business Environment". INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(1), a616-a622. https://ijnrd.org/papers/IJNRD2401071.pdf

Volume 9 Issue 1, January-2024

Pages : a616-a622

Paper Reg. ID: IJNRD_212157

Published Paper Id: IJNRD2401071

Downloads: 000121995

Research Area: Management

Country: Godavarikhani, Telangana, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2401071.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2401071

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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