Financial reporting ASB proposes a new way forward has been saved
Financial reporting ASB proposes a new way forward
April 2012 - A single standard of 250 pages to replace what has been described as an uncomfortable mish mash of accounting standards of different origin that lack cohesion or unifying principles, and count some 2,500 pages.
It's an attractive idea, but could it work? Brendan Sheridan takes a look at the latest proposals from the Accounting Standards Board.