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July

  • IAS essential for consolidation of European capital markets

    19 Jul 2002

    In an Address (PDF 27k) in Paris on 11 July, European Internal Markets Commissioner Frits Bolkestein said that the quantity and magnitude of accounting and corporate governance scandals that have come to light in the past year make it essential to speed up the consolidation of European capital markets -- and one of the keys is International Accounting Standards. We need to take measures to raise investor confidence in the numbers, through improvements in accounting standards.

  • Update on South African GAAP

    16 Jul 2002

    The Accounting Practices Board (APB) in South Africa (SA) has a policy of harmonising SA Statements of Generally Accepted Accounting Practice (GAAP) with IAS. With the exception of the effective dates of the Statements, all SA Statements are similar to IAS.