Reporting on international accounting
Inch by inch, standard by standard, the International Accounting Standards Committee (IASC) is moving closer to producing a holy grail of globally accepted accounting standards for cross-border securities offerings. To say it's been a long and winding road would be an understatement. And the final destination remains hazy.
Whether the Committee meets its own self-imposed deadline of November 1998 is still open to debate. The IASC has already moved one goalpost - its core set of standards was
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