Bedford, N.H. (Feb. 10, 2003) -- Nearly 90 percent of U.S. companies won't be ready to comply with new global accounting rules proposed for 2005, according to research by CODA Financials Inc., a provider of financial intelligence and accounting software.

The survey of midsized and large corporations showed that, in the face of the upcoming harmonization of U.S. and European accounting standards, almost half of U.S. companies don't know what the European-led International Accounting Standards are, and only 13 percent of companies have prepared for taking on IAS.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access