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And Dennis Keeling, CEO of BASDA, indicates that while UK companies are well placed to cope with the demands of IFRS, having "converged on international accounting standards as they evolved over the last few years", there are further complications to the problem in the pipeline. This is according to a joint survey on integration conducted by Softworld and BASDA on around 60 organisations. BASDA says that a utility to enable users to convert their accountancy base currency to the euro will be available before 2002, when it becomes compulsory for companies in the euro zone to account in the new currency. |
BASDA |
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