78% Of Scotland's SME's Trading Abroad Unaware Of New Currency Reporting Regs

The Caithness Business Index has posted the following article:

78% Of Scotland's SME's Trading Abroad Unaware Of New Currency Reporting Regs

78% OF SCOTLANDS SMES TRADING ABROAD ARE UNAWARE OF NEW IFRS RULES AFFECTING THE REPORTING OF CURRENCY RISK IFRS will affect all SME businesses trading abroad and how they report currency risk AIM (Alternative Investment Market) businesses have less than four months to prepare for P&L impact There is a severe lack of awareness of new IFRS rules which will affect all SMEs trading abroad according to HiFX, one of the UK's leading foreign exchange specialists. Yet AIM-listed groups have less than four months to prepare for these changes, which have a serious impact on the reporting of currency risk. ... [Read Full Article]