Support for international standards.SUPPORT FOR INTERNATIONAL STANDARDS Nearly two-thirds of 278 major multinational companies in 12 countries said they already substantially comply with the 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 ). A Touche Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. International survey was undertaken to ascertain the views of multinationals on proposals in the IASC's exposure draft, Comparability of Financial Statements, which would significantly reduce the number of optional accounting treatments allowed under international accounting standards (IASs). Many companies thought substantial benefits would be gained if the proposals were implemented internationally, since this would improve the quality of information in published accounts of foreign companies and make the data easier to use. The greatest potential benefit was thought to be the possibility that stock exchanges around the world would accept one set of accounts complying with IASs, instead of each requiring a new set of accounts drawn up in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with local accounting standards. Sixty-three percent of the companies favored implementing the IASC proposals within a two-to-three-year period. Overall, 23% of the companies wanted a five-year period; however 32% of the European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. favored the longer implementation period. |
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