The Institute of Chartered Accountants in Ireland (ICAI) has called on the Government to clarify whether it will promote the new International accounting standards made compulsory by the European Commission.

THE Institute of Certified Public Accountants in Ireland (CPA) says the Government must clarify its position on the introduction of new International Accounting Standards.

Just over half of Ireland's business managers are unaware of impending international accounting standards according to a survey by accounting and consulting firm, Deloitte & Touche.