International Accounting and Reporting Issues

2007 Review

image of International Accounting and Reporting Issues

The 2007 Review of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) provides useful information on the status of corporate governance disclosure in different markets, and further establish ISAR’s guidance in this area as a practical international benchmark. The report includes a review of practical implementation issues related to International Financial Reporting Standards (IFRS) and several other topics including draft guidance on corporate responsibility indicators and the results of surveys on corporate governance disclosure.



Review of practical implementation issues of International financial reporting standards: Case Study of South Africa

South Africa is regarded as the economic powerhouse of Africa, with a gross domestic product (GDP) of four times that of its southern African neighbours and comprising around 25 per cent of the entire continent’s GDP. This positive picture of the South African economy is confirmed in the Chairman and CEO Statement of the Johannesburg Stock Exchange (JSE).


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