Are international auditing standards ready to replace U.S. GAAS?

From: The CPA Journal | Date: June 1, 2000| Author: Craig, James L | Copyright information

The best kept secret in North America

In Brief

Is the World Ready for GALAS?

Generally accepted international accounting principles (GAIAP) may soon be the standards of choice in financial statements used for global securities markets. But what about generally accepted international auditing standards?

Are they of high quality, and is there a system of self-regulation to protect the public?

The CPA journal and members of its Editorial Board met with IFA...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

PHILIPS GIVES DETAILS ABOUT ITS EURO 300 MILLION COST CUTTING PLAN.
Tech Europe ; The Dutch group Philips is to meet its Euro 300 million cost cutting target announced in mid-October through reduced spending, particularly in sponsorship and by centralising certain internal department it was revealed on November 23. The Finance, Human Resources and Computerisation departments
TELEKOM AUSTRIA SHOWS 37% RISE IN ITS NINE-MONTH OPERATING PROFIT.
Tech Europe ; The Austrian telecommunications group Telekom Austria (TA) on November 21 announced a rise of 37% in its operating profit/ earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first nine months of 2001, at Euro 1.164 billion versus Euro 847 million for the corresponding
MOBILE TELEPHONY ALLIANCE NEGOTIATION.
Tech Europe ; Volker Jung, a member of the Siemens Board of Directors, announced in an interview which appeared in the 21 November issue of the Financial Times Deutschland that his group was planning a mobile telephony alliance. According to Jung: To continue for the long haul without a partner is a possibility
SIEMENS DIPS INTO THE RED BUT REMAINS OPTIMISTIC.
Tech Europe ; Siemens dipped into the red in the third quarter of its fiscal year 2000-2001, closing 30 September, but showed itself relatively optimistic for the current year, thereby bringing about a sharp rise in the price of the company's shares on the stock market. The German electro-technology group
ONE2ONE TO ELIMINATE 900 JOBS IN THE UK.(Brief Article)
Tech Europe ; The British mobile phone operator One2One, a subsidiary of Deutsche Telekom, will eliminate 900 jobs in the UK by February 2002. On November 22, a company spokesman announced: We shall restructure our activities in order to go forward. We had a structure suited to strong growth activity, and the