ICAEW warns companies to communicate impact of IFRSs

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06 Jul 2004

A study by the Institute of Chartered Accountants in England and Wales has found that 27% of UK listed companies surveyed expect that their key performance indicators will be negatively affected as a result of the introduction of International Financial Reporting Standards in 2005. Yet, only 17% of the listed companies surveyed have a plan in place for communicating the impact of IFRSs to financial analysts and investors.

13% of the companies anticipate a favourable impact. Click to the ICAEW press release (PDF 50k). Here is the Link to the ICAEW website.

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