International Accounting Standards take hold.(International Section)(international usage)

From: Business Credit | Date: February 1, 2004| Author: | Copyright information

One year from now, companies operating in the European Union will be issuing their financial statements under International Accounting Standards (IAS), now officially called International Financial Reporting Standards (IFRS), signally the beginning of a new era of transparency and cross-border comparability. With all of the 7,000 companies listed in the European Union obligated to covert to IFRS and companies in scores of countries outside the EU converting as well, the reality of a new global standard will emerge, capping three decades of work by standard setters. Credit risk ...

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