I have been trying to find more info on the new international reporting standards which are being considered in the US but i cant find much info which relates it to how it will effect business and whether its positive/negative, the only thing iv heard is that the big4 are in favour as it will create even more work for them.

Is it seen as a challenge to the big4 and does it include environmental reporting standards? If not where do new environmental standards come under and all tht stuff about sustainable reporting and is this currently applied in practice/law? I think i remember reading that its applied as “comply or explain” so if u dnt abide by these u have to explain to your shareholers why not.

Many thankx in advance!