ICAEW warns companies to communicate impact of IFRSs
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.