Australia's oversight carcass for accounting standard setting is resolutely keeping to the original deadline of January 2005 for the country's implementation of international accounting standards.

Australia's oversight carcass for accounting standard setting is resolutely keeping to the original deadline of January 2005 for the country's implementation of international accounting standards, in spite of pleas for a delay. Meanwhile, politicians and leaders in the profession continue to debate the issue of making auditing standards, like accounting standards, enforceable by the agency of law. Tom Ravlic reports

**********

AUSTRALIA'S FINANCIAL Reporting Council (FRC) has reaffirmed the nation's commitment to adopt international accounting standards despite press from industry groups for a deferral of the implementation date.

Members of the FRC met in the past month to further deliberate