The lack of confidence in financial statements was further discussed with each
interviewee.91 percent of participants still found RAS difficult to understand and use,
due to lack of clear instructions and explanations. The study confirmed that such
issues as the choice of depreciation methods and determination of a useful life of
property, plant and equipment were still found to be ambiguous and difficult to
understand,as they were ten years ago.Moreover,there was a unanimous consensus
that having nochoices in selecting various accounting treatments and having clear
instructions would improve the standards considerably.