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Financial Times: LETTERS TO THE EDITOR: Contingent assets as a concept


By Philippa Foster Back

Mar 29, 2004


From Ms Philippa Foster Back.


Sir, In considering the predicament of Shell and the requirements of the US Securities and Exchange Commission in recognising the existence or otherwise of oil reserves, should the accounting profession not develop the concept of contingent assets as a note to the accounts matching that of contingent liabilities?


Philippa Foster Back, Director, Institute of Business Ethics, London SW1P 1BE, UK

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