IAS-a backward step for some?: The EC's blanket IAS proposal won't do

Article Abstract:

The European Commission is calling for all stock exchange-listed companies to adopt IASs, which would improve many financial reports. However the proposal may add to some companies' financial reporting burdens and reduce the quality of financial statements unless it is modified. The Commission needs to recognize that IASs should be the minimum standards for listed companies in Europe, but that they may not necessarily be the best standards for all issues.

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IAS convergence looms for UK

Article Abstract:

The implications of complying with international accounting standards in the UK rather than using national standards is discussed, with focus on the advantages of using the best elements of both types of standard.

Accounting and auditing, Practice, Accountants

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Convergence update

Article Abstract:

The publishing of an update to The Convergence Handbook has resulted in at least eight changes in accounting and auditing practice.

United Kingdom, Product standards, safety, & recalls, Accounting Methods, Auditing

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