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IFRS: Debt Reporting

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https://www.cchdaily.co.uk/ifrs-rules-distort-debt-reporting
(Regarding this article)
Does IFRS distort debt reporting? Does it give a false report of a business's financial standing? Explain.

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The Solution reviews whether IFRS (International Financial Reporting Standards) distorts debt reporting.

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Does IFRS distort debt reporting? Does it give a false report of a business's financial standing? Explain.

The research conducted by Moody's in this article states that evidence suggests that there are currently five critical drawbacks associated with debt reporting that leads to distortions in debt reporting. These drawbacks have established and environment that encourages distortions wherein the environment is predicated upon low interest rates and volatile currencies that increases the risk that false debt reports will occur. The research alleges that these false reports will be predicated upon false ...

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