IMPACT OF International Financial Rating Standard ADOPTION ON THE PROFITABILITY IN THE INSURANCE INDUSTRY
CHAPTER ONEINTRODUCTION1.1 Background to the StudyInternational Financial Reporting Standards (IFRS) are standards by the InternationalAccounting Standard Board (IASB) to serve as a guide to companies for preparation offinancial statements that will give true financial and non-financial information (integratedfinancial reporting) to investors and other stakeholders who use them for economicdecisions (Brabec, 2014; de Villiers, ...