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Sarbanes-Oxley News & Developments
International Standards Causing a StirThe new rules will be mandated by the European Union for an estimated 7,000 publicly traded companies.
> > More than 27% of U.K.-listed companies expect "their key performance indicators," including earnings per share, will be "negatively affected' by new accounting rules that go into effect in 2005. A recent study by the Institute of Chartered Accountants in England and Wales (ICAEW) reported that 58% of U.K.-listed companies said they will be affected by the new standards. Of these, 23% expect the impact to be positive, 48% expect it to be negative, and 15% believe the results will be "very negative."
Source: CFO
Published:2004-07-12
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