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Taiwan to review new accounting rule on inventory expensing - report.
(From AFX UK (Focus))
TAIPEI (XFN-ASIA) - The incoming chairman of the Financial Supervisory Commission said he will re-evaluate the impact of a new accounting rule on inventory expensing, which is due to come into effect on Jan 1, the Economic Daily News reported.
Sean Chen, who is due to take over as FSC chairman today, said in an interview with the newspaper that implementation of accounting standard No 10 may be rescheduled if the review finds that it will have a strong impact on local businesses.
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