Firms not ready for euro

Many Irish companies are still not planning adequately for the single currency, the euro, and have hundreds of questions to answer…

Many Irish companies are still not planning adequately for the single currency, the euro, and have hundreds of questions to answer to ensure a smooth changeover, the Institute of Chartered Accountants in Ireland said last night. The institute published a checklist, outlining the steps companies should take to prepare, covering management and strategic issues; relationships with external parties; information technology; planning and budgets; personnel and finance and accounting. The checklist, developed by the FEE (European Federation of Accountants), is available from the institute.