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IAS Illustrated.


Perplexed about complying with International Accounting Standards (IAS See iPlanet Application Server.

1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle.
)? KPMG's IAS Advisory Services has published Illustrative Financial Statements and Accounting and Disclosure Checklists. The checklists, they say, assist in the understanding and compliance issues, while the statements provide a basis for organizations to shape accounting policies and disclosures. For companies with balance sheets dated Dec. 31, 2000 or later, Illustrative Financial Statements incorporates all the new standards issued by the International Accounting Standards Committee International Accounting Standards Committee was founded in June 1973 in London and replaced by the International Accounting Standards Board on April 1, 2001. It was responsible for developing the International Accounting Standards and promoting the use and application of these  (IASC IASC International Accounting Standards Committee
IASC Inter-Agency Standing Committee (United Nations)
IASC International Arctic Science Committee
IASC International Association for Statistical Computing
).

The two checklists, available in hard copy only, are intended to help companies identify where accounting policies and disclosures are not fully in line with requirements. Mark Vassen, partner in charge of KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 IAS Advisory Services says, "With the requirements of LAS becoming ever more onerous, companies are increasingly turning to tools like these to assist in compliance."
COPYRIGHT 2001 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2001
Words:132
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