Growing need for IAS as stock exchanges form alliances

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02 Jul 2002

An alliance announced yesterday between the London Stock Exchange (LSE) and the Hong Kong Stock Exchange (HKEx) will allow 200 of each exchange's largest listed companies to trade on the other exchange starting in mid-2003. Significant differences between UK GAAP and HK GAAP highlight the need for global accounting standards. .

An alliance announced yesterday between the London Stock Exchange (LSE) and the Hong Kong Stock Exchange (HKEx) will allow 200 of each exchange's largest listed companies to trade on the other exchange starting in mid-2003. Significant differences between UK GAAP and HK GAAP highlight the need for global accounting standards.

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