IAS implementation: A long way to go

An update on the implementation of new accounting standards in the Asia-Pacific, by Amod Dixit, group product manager, Securities Services, Standard Chartered Bank.

High profile business failures and fraud have time and again tested the banking and financial services industry and pushed regulators to take action in bringing transparency and efficacy to financial statement reporting.

International Accounting Standards 39 and 32 IAS 39 IAS 32 are the pioneer standards issued by the International Accounting Standard Board. IAS 39 is a standard to establish principles for recognising, measuring, and disclosing information about financial instruments in the financial statements of business enterprises. IAS 32 requires...

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