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June

  • Study finds 'crisis of confidence' on Wall Street

    15 Jun 2002

    An analysis of buy, sell, and hold ratings published for 19 listed companies that went bankrupt in the first four months of 2002 by 50 investment banking and brokerage firms found that "94% of the 50 firms continued to recommend that investors should buy or hold shares in failing companies right up to the day these companies filed for bankruptcy".

  • Some facts about the last 150,000 visitors to IASPlus.com

    13 Jun 2002

    Which browser? Which operating system? Internet Explorer 5 74.5% Windows 98 42.2% Internet Explorer 6 12.5% Windows 2000 25.4% Internet Explorer 4 4.5% Windows NT 19.0% Internet Explorer 2 0.8% Windows 95 9.2% Total Internet Explorer 92.3% Windows XP 2.4% Netscape 4 5.7% Total Windows 98.2% Netscape 3 1.2% Macintosh 0.4% Netscape 6 0.6% Others 1.5% Total Netscape 7.8% Total Non-Windows 1.9% .

  • SEC proposes rules 'to enhance investor confidence'

    13 Jun 2002

    The US SEC is proposing to require, for domestic companies, that: The principal executive and financial officers certify the contents of the company's quarterly and annual reports. Certain new events be reported on Form 8-K, including unusual agreements, terminations of business relationships, contingent obligations, restructurings, write-offs, impairments, rating changes, withdrawals of auditors' reports, and changes in directors and management. Form 8-K reports be filed within two business days instead of the current 5 to 15 days. Click for SEC Press Release. .

  • EFRAG begins its review of existing IAS

    12 Jun 2002

    The new European Accounting Regulation requires that the European Commission "decide on the applicability within the Community" of both existing and future International Accounting Standards.

  • IASC Foundation trustees will meet tomorrow

    11 Jun 2002

    The board of trustees of the IASC Foundation will hold an open meeting at the IASB office in London on 12 June 2002. The public session is 08:30-10:30. Agenda topics: Report of the IASB Chairman Proposed Revision of the Constitution Future of IASC Foundation funding .

  • NASDAQ proposes corporate governance changes

    09 Jun 2002

    The 4,000 companies listed on the NASDAQ Stock Market in the USA would be subject to corporate governance reforms similar to those proposed by the New York Stock Exchange (see 7 June 2002 news item). .

  • Europe adopts regulation requiring IAS by 2005

    08 Jun 2002

    The Council of the European Union has adopted an IAS Regulation requiring listed companies, including banks and insurance companies, to prepare their consolidated accounts in accordance with International Accounting Standards (IAS) from 2005 onwards.