ICAI welcomes EU standards decision

THE president of the Institute of Chartered Accountants in Ireland (ICAI) says it is pleased by commitments by the EU not to make any further radical changes to accounting standards.

Speaking at the ICAI’s annual conference in Galway on Saturday, John Greely said: “The last two years alone have seen the introduction of a whole new suite of both accounting and auditing standards. We clearly need time to see these standards bed down.”