DTI considers wider use of IASs.

Position:Technical Update

The Department of Trade and Industry is to consult on whether the use of international accounting standards should be made more widespread in the UK.

New regulations will require listed companies in the European Union to work to internationally agreed accounting standards from 1 January 2005 when preparing their consolidated accounts. The consultation paper outlines possible options for extending this to other firms. Its proposals include extending the regulations, on a compulsory or voluntary basis...

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