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(From Financial Director)
Byline: Jules Stewart and Andrew Sawers.
Starting next year, City investment analysts will face a complex new toolkit for scrutinising company accounts. With the introduction of International Accounting Standards (IAS), the tried and trusted accounting framework that sell-side and buy-side analysts have been used to will be a thing of the past.
Many analysts are reluctant to discuss the new accounting standards, suggesting that their degree of preparedness may not be up to scratch.
The large accountancy firms that are doing most of the work in training the investment analysts and company FDs are more ...