UK accounting chief says rule change must meet cost-benefit criteria
The UK accounting board’s plans to replace the existing accounting code with international standards will still have to pass the government’s cost-benefit test, the head of the body warned yesterday.
Ian Mackintosh, chairman of the UK Accounting Standards Board (ASB), said the planned replacement of UK GAAP, used by non listed, mid-tier companies, would still need to be sold to the UK government on cost-benefit grounds.
See full Article.
Posts
