With June 30th fast approaching, the cycle of preparation of annual accounts by listed and non-listed companies for financial years ending in 2007 will be kicking off soon. Companies seeking to finalize their accounts in time and with accuracy have already started making the preparations, have you?

This cycle will complete on reaching end of December when those having financial year ending on 31/12 close their books.

We draw attention once again to the requirements of International Accounting Standard 19, which pertains to accounting of employee benefits, and the implications to listed companies.

We welcome your queries on any other matter arising from application of IAS 19.

Contact us:    Nauman Associates.