Only the ones we like?: Selective application of International Accounting Standards cuts no ice
Article Abstract:
The International Accounting Standards Commission (IASC) revised IAS 1, making it clear that accounts must not be described as compliant with IASs, unless they comply with each requirement of each applicable standard and interpretation. Departures are not appropriate unless compliance with a certain requirement may be misleading. Some directors have a selective approach to IASs, but IAS 1 (revised) will be mandatory as one of the relevant standards in 199.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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Yes to IAS, but not now?
Article Abstract:
Issues concerning the response of French company Lafarge to the European Commission ruling on International Accounting Standards (IAS) are discussed. The background and history to its lack of full IAS compliance is examined.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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All clear for take-off?
Article Abstract:
Deutsche Lufthansa AG will prepare its 1998 accounts under International Accounting Standards. This is a commendable choice and will probably produce a superior product.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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