A recent survey of investment professionals in the CFA Institute reports investor concerns about the use of different accounting standards and rules for SMEs under IFRS and private companies under GAAP.  Karolina Grabowicz, a financial analyst with Mercer Capital, reports how the use of different standards adds complexity and costs to financial reporting.  Issues also arise over the loss of information due to private company accounting standards that could lead to lower valuations. Read more about the results of this report in the Mercer Capital’s Financial Reporting article, Lower Valuations for Private Companies? This article is republished from Mercer Capital’s…