Define Convergence of IFRS and its Implementation in Saudi Arabia?

huh, International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB).

Saudi Arabia is a country.

There. Now you are half way done with your home work.

Quote McGentrix:

Say, were those fellows around during the Enron and Arthur Anderson years?

A system through which companies are governed and controlled in accordance with the rules and defined principles is termed as 'Corporate Governance'. The system of corporate governance becomes famous after the corporate failures in US and UK, therefore it is the need of the hour to develop and implement a system which regulates the company affairs and govern their action with a view to safeguard the investors interest. In this manner a code of conduct is developed on Governmental level to secure the interests of investors and other stakeholders.

That is very interesting. 3 people, who have never posted on A2K previously, all happen to post on this thread. If I were a conspiracy nut, I'd think that was suspicious and would be led to believe that this thread is more spam than content.