IAS will inject volatility into financial statements, says S&P
The required adoption of International Accounting Standards (IAS) for publicly listed European Union banks by 2005 is set to boost not only the transparency, but also the volatility of these institutions' financial statements in coming years, rating agency Standard & Poor's (S&P) said in a report this week.
"Overall, we view the pan-European introduction of IAS accounting rules as a mild positive, as it will improve transparency and facilitate cross-border comparisons,"
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