ASIC financial surveillance: measuring up?

Article Abstract:

A number of publicly traded Australian companies are not being compliant with prevailing accounting standards, according to research by the Australian Securities and Investments Commission. The commission found that the companies have not been in compliance with the newest disclosure requirements, nor have they fulfilled the standards related to asset acquisitions. The commission's study of 180 public companies also found that 104 of the companies have not disclosed how they were preparing for the Year 2000 issues.

Australia, Investigations, Business enterprises, Australia. Securities and Investments Commission

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Y2K compliance statements: what's a word worth?

Article Abstract:

The use of compliance statements to indicate a company's level of preparedness for the Year 2000 problem is complicated by legal and technical issues. For example, a company's documentation policies could open it to Year-2000-related liability. However, the use of compliance statements could be commercially advantageous because it would indicate that a company is attempting to handle the problem.

Laws, regulations and rules, Disclosure statements (Accounting), Compliance, Compliance (Psychology)

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OK on Y2K

Article Abstract:

Views on year 2000 investments and benefits are presented. The concepts and skills gained through year 2000 preparations will bring permanent benefits.

Accounting Methods, Accounting

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