Friday, February 16, 2007

IASB seeks to woo smaller companies


The International Accounting Standards Board has ripped up its original rule book and produced a thinner version in a bid to woo small companies and emerging markets.

After more than three years of work, the IASB will today publish a 320-page draft standard for small and medium-sized enterprises (SMEs) – its response to complaints that its full rule book, which is eight times the size, is too complex.

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