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Decisions - Accounting standards - Preparing for 2005.
(From Financial Director)
Byline: Peter Bartram.
Big international changes, top management challenge, the threat of a meltdown if it all goes wrong. Haven't we been here before? Remember Y2K and the euro? In both cases, it was all right on the night, but will that also be the case with the latest major systems challenge - preparing for international accounting standards (IAS)?
When the Institute of Chartered Accountants in England and Wales surveyed members recently, it found that one-third were not aware of the new standards.
And even though only listed companies will be obliged to adopt international standards for accounting periods ...
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