The ASB s intention in asking for a comparison to be made was to reveal in detail the differences between the two sets of accounting requirements. This will enable the financial and business community in the UK and in the Republic of Ireland to examine the differences and inform the ASB whether they would wish the domestic requirements to be altered to conform with IASs. Sir Bryan Carsberg, Secretary-General of IASC since 1995, says in his Foreword that The future success of IASC in achieving convergence will depend heavily on the maintenance of several strong national standard setters to ensure that international decisions are taken in the context of excellent national contributions. Mary Keegan, who took up office as Chairman of the ASB on 1 January, said This careful study provides an excellent foundation for the future programme of ASB, in which convergence with International Accounting Standards will play a major part. I am determined that convergence towards global standards should lead to the selection of the best possible solutions and be as smooth as possible.
Quality is more important than national origin.
To ensure that we find the best solutions we need thoughtful comments on the Handbook s recommendations. The ASB has requested comments on the Handbook by 30 April 2001. Please see the Disclaimer for restrictions and limitations.