By Clint Riddin
Full IFRS compliance is very onerous and costly, and is not an appropriate accounting standard in many instances for many types of business, such as sole traders, partnerships and others. This argument can also extend to bodies corporate and home owners’ associations.
Clint Riddin of Clint Riddin & Associates is a sectional title accountant specialised in accounting, income tax and secretarial services to bodies corporate. Clint is the Course Convener of the Sectional Title Bookkeeping course, which starts on 16 August 2010.
Article reference: Volume 5, Issue 6, Page 1