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11/16/05

Turkey Ahead of UK-France in IFRS Adoption

REPORTER.GR

"Turkey: Turkey Ahead of UK-France in IFRS Adoption

15:19 - 16 November 2005 - Turkey turned out to be ahead of many EU countries in adherence to International Financial Reporting Standards (IFRS), adopted by the EU on 1 January 2005, Zaman Daily reports.


French based company Mazars conducted research in Turkey in cooperation with the Turkish firm Denge for the IFRS, the use of which is an indicator of financial transparency.

The research covered 50 Turkish firms, publicly traded on the Istanbul Stock Exchange (ISE)."

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