Clarity ‘delaying business plans’

LACK of clarity is delaying critical advancement of business preparations dealing with the new accountancy standards to be introduced on January 1, 2005, the Institute of Chartered Accountants in Ireland has warned.

Its president, Terence O’Rourke, said concern exists whether a complete set of standards will be in place by the start-up date.

His comments are based on a survey carried out by ICAI among members and their client companies.