(NAR) VOL. 14 NOS. 3-4 / OCTOBER - DECEMBER 2003
"2(a) (iv). When an enterprise has not adopted a new Statement of Financial Accounting Standard which has been published by the Accounting Standards Council but which has not yet come into effect, the enterprise should disclose the nature of the future change in accounting policy and an estimate of the effect of the future change on its net income or loss and financial position."
The foregoing shall become effective for audited financial statements beginning January 2003.
Adopted: 23 Oct. 2003
For the Commission:
(Sgd.) LILIA R. BAUTISTA
Chairperson