Business Daily from THE HINDU group of publications
Monday, Mar 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Mar 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Accounting Standards States - Tamil Nadu Uniform accounting norms needed Our Bureau Chennai, March 1 Absence of international standard of accounting followed universally by all countries is making analysis and comparison of performance very difficult, according to Prof. David M Hunt, President, Institute of Financial Accounts, UK. Prof. Hunt was speaking on ‘The challenge and management of change in the business environment’, at Loyola College, here.
“It is very difficult for countries to compare themselves with other countries when the results of one corporation can differ as much depending on under which accounting standard the profit is reported,” he said. More Stories on : Accounting Standards | Tamil Nadu
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