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Home > Contributor Biographies > Véronique Weets

Contributor Biographies

Véronique Weets

Founder and Managing Partner, Cethys, Belgium

Véronique Weets is founder and managing partner of Cethys. She is a professor of international accounting and a faculty member of the Vrije Universiteit Brussel (VUB) and the University of Antwerp. She has several years of practical experience in one of the big four firms, where she was involved in client work on matters such as the transition to IFRS and the subsequent application of IFRS by listed companies. Weets also facilitates IFRS-related training programs for organizations such as IASeminars, Euromoney, and Quorum Training, and is a widely published author. She holds an IFRS certificate from the Association of Chartered Certified Accountants.

Articles by this Author

  • Understanding the Requirements for Preparing IFRS Financial Statements
    by Véronique Weets
    International Financial Reporting Standards (IFRS), drawn up and published by the International Accounting Standards Board (IASB), are rapidly becoming the most globally applied set of accounting standards. Approximately 9,000 public companies in the European Union had transferred to IFRS reporting as of 2005. Russia, China, Canada, Japan, Australia, and many other countries, including those in the Middle East, are adopting IFRS or have plans to...
  • The Rationale of International Financial Reporting Standards and Their Acceptance by Major Countries
    by Véronique Weets
    Why Financial Reporting Needs to Be HarmonizedAlthough basic accounting principles such as the accrual basis and the going-concern assumption are widely accepted, the application of these principles in different economic and cultural environments has led to significant differences in how accountants report similar transactions. Local differences exist in, for example, the treatment of goodwill, the definition of a group, treatment of borrowing...

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