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UK and European reporting times catch up with US

UK and European reporting times catch up with US

by Rick Turoczy on September 1, 2006

These increases come as some UK companies wrestle with both Sarbox legislation and the implementation of IFRS.

‘This trend is even more impressive given the pressures for British and European corporations to move to International Financial Reporting Standards and the need for 20% of the European companies we studied to prepare for Sarbanes-Oxley compliance themselves from next year,’ said BPM International chairman, David Jones.

‘At the same time, US Companies appear to have been hit very hard by the new regulations introduced by Sarbanes-Oxley and the SEC.’

UK and European reporting times catch up with US

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