Training in global rules to be launched
An intense education programme is to be launched to train first-time users of international accounting standards ahead of the 2005 switch over for European-listed companies.
Trustees of the International Accounting Standards Board, which set accounting rules, are inviting firms experienced in providing learning materials and training programmes to submit proposals. Once agreed these materials would carry the certificate ‘IASCF approved training’.
Most of the Big Five accountancy firms have over the past 12 months launched their own products to train users and preparers of financial accounts, but little uptake has been noted despite companies having to compile comparative accounts from next year.
Earlier this year the European Parliament confirmed its backing for all publicly quoted European companies to apply IASs by 2005 at the latest.