CONSENSUS EMERGES THAT COMPULSORY IFRS SHOULD BE EXPANDED IN THE EU
December 1st, 2014
ACCA has called on the European Commission to propose extending the scope of mandatory use of international financial reporting standards (IFRS) within the European Union (EU), stressing the value created by IFRS in Europe and worldwide. Its comments have come in a Commission review of the impact of mandating IFRS for consolidated financial statements of around 7,000 EU companies whose securities are traded on a regulated EU market.This is required by the EU’s IAS regulation 1606/2002. The Commission has released a detailed questionnaire for ACCA and other ...
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