A commercial hub for the Middle East?
Article Abstract:
The establishment of an official stock exchange in the United Arab Emirates (UAE) necessitates the adoption of International Accounting Standards (IAS) as the model of financial reporting for listed companies and unlisted companies intending to go public. The use of these standards will contribute to the development of a well-organized and enforceable regulatory mechanism required by any stock exchange. This would then ensure accountability and reliable delegation of responsibility. Listed companies have to prove not only that their accounting policies follow the IAS but also that the financial information is presented in the form and with disclosures required by IASs. This means that banks and insurance companies would be compelled to provide greater disclosure. Moreover, interim financial reports would be required.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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Which way now for Germany?
Article Abstract:
The German economy, where progress halted in 1989, is beginning to improve. Reunification was one negative factor that could be overcome through create new jobs, reduce unemployment, and globally market its capital goods and automobile manufacturing companies
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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