Getting ready for IAS

With International Accounting Standard 39 set to be implemented in Australia in January 2005, John Kidd and Jim Godsil of Deloitte Touche Tohmatsu warn that early preparation is critical

australiacover-jpg
More than one treasurer, finance director or chief financial officer (CFO) haslost his/her job due to last-minute surprises that have been brought to the board’sattention. International Accounting Standards (in particular IAS 39) have thepotential to cause many such surprises, including significant profit volatility,breach of debt covenants, massive system changes, inability to pay dividends,drastic reductions in assets and potential to have billion-dollar swings in netassets. In other words

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here