Accountants want action on standards

The president of the Institute of Chartered Accountants has criticised the Government for dragging its feet on number of areas, mainly on the introduction of the International Financial Reporting Standards (IFRS).

Speaking today at the annual ICAI conference in Killarney, James Hunt said that Irish accountants are still waiting for clarification on what companies in the Republic will be allowed to use the new standards, which are technically for listed companies but in reality affect all companies.