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Showing posts with label Update to maintain. Show all posts
Showing posts with label Update to maintain. Show all posts

Sunday 19 July 2009

Update to maintain

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?

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