In Brief

February 2009
Accountancy Ireland;Feb2009, Vol. 41 Issue 1, p12
Trade Publication
The article offers world news briefs related to accounting. The Accounting Standards Board (ASB) is planning to issue an amendment to FRS 26 Financial Instruments: Recognition and Measurement and UITF Abstract 42 Reassessment of Embedded Derivatives. The global economic recession is expected to impact in the year 2009. The gross domestic product (GDP) of the euro area and European Union (EU) fell by 0.2% in the last quarter of 2008.


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