Accounting standards are too important to be left to accountants

Some interesting questions arise out of last week's announcement by the SA Institute of Chartered Accountants (Saica) that South Africa was the first country to adopt the International Accounting Standards Board's new statements of Generally Accepted Accounting Practice for small entities (Small GAAP).

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Share your thoughts on whether Accounting Standards should be set by a Accounting Body in the country or there should be a separate standard setting body.

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