Pocket 2000
Different countries are developing different regimes
regarding
Implementation news
From 1998, companies in the United Kingdom and the United States, at least,
have to report on their plans and expenditure for Year 2000. In the USA,
The "Good Samaritan Act" became law at the end of 1998, exempting Year
2000 disclosures from threat of legal action.
United Kingdom and Europe
The Urgent Issues Task Force (UITF) of the Accounting Standards Board in
the UK has set down the following rules for companies with accounting periods
ending on or after 23rd March, 1998. Smaller entities are exempt from disclosure,
but, nevertheless, are recommended to make it.
-
(a) the risks and uncertainties associated with Year 2000 problems. If
the company has made no assessment of the problem or has not determined
its materiality, this must be stated.
-
(b) the company's general plans to address the Year 2000 issues relating
to its business and operations, and, if material, its relationships with
customers, suppliers and other relevant parties
-
(c) the estimated costs of the plans
Thanks for this summary to Mike Kusmirak of CompInfo
who also provide links to manufacturers' compliance
statements (15 May 98)
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British Petroleum (UK/worldwide): substantial
Millennium
Project beginning with the appointment of an overall Project Manager
at the start of 1997 (23 Mar 98)
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SmithKline Beecham (UK/US/worldwide):
company-wide project begun in 1996 (23 Mar 98)
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Halifax (UK, formerly Halifax Building
Society): minimal statement,
no financial figures, but the link is on the main home page (25
Mar 98)
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NOP Research Group (UK, market research
agency) provide a summary of their own Year
2000 project (7 Oct 98)
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Reed Elsevier, publishers worldwide,
offer a brief statement on their Compliance
Programme, quoting estimates of UK£75m (20 Apr
98)
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Reuter's, worldwide financial data
provider, have a section of their main website devoted to their millennium
programme including their own product compliance (20
Apr 98)
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Health Informatics Journal
carried out a survey of Year
2000 issues in healthcare and healthcare computing (11
Oct 1998)
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Royal Dutch Shell Group operates as
a consortium of international and operating companies and each company
is responsible for its own efforts; reporting is via the Chief Financial
Officers. Here is the Shell
Oil Company, the US downstream operating company (11
May 99)
USA
Rest of World
-
Swedish Health Authority (Sjukvården)
2000-project
embraces wide-ranging information on how Sweden is tackling Y2K in its
healthcare sector, and links for implementors. In Swedish, but informative
even if you don't speak the language, as it shows the extent of public
sector commitment (6 May 98)
-
Telkom SA Ltd (South Africa) provides
detailed information about their Year
2000 project. The link is directly from their Home Page, giving the
project a high profile.Telkom has offered assistance to other Southern
African countries (25 Mar 98)
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Original material Copyright © Tony Law/Parkside Information Management
1998