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By Laurent CAPOLAGHI, Partner, Private Equity Leader Valerio BOVE, Director, EY Luxembourg
One of the new priorities in financial reporting is to encourage the preparation of financial statements which are easy to understand by investors and business analysts with information presented in a clear and simple manner without omitting useful information.
Since 2001 there has been a remarkable increase in the use of IFRS around the world, including within the fund industry, with the result that companies can now benefit from access to debt and equity capital both inside and outside their respective countries to an extent never experienced before.
Important progress has also been made...
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