SA accountants do not discuss the possibility of destroying R85 bn in the real value of JSE listed companies´ Retained Profits.
They are doing it right now - as they did last year - and as they will do for as long as they refuse to update SA companies´ and banks´ Retained Earnings and Issued Share Capital as they can freely do in terms of the IASB´s Framework, Par. 104 (a) approved 20 years ago.
Makes you think, doesn´t it?
© 2005-2010 by Nicolaas J Smith. All rights reserved
No reproduction without permission.
No comments:
Post a Comment