IAS DIRECTIVE FOLLOW UP

Keith NuthallPOLITICAL agreement has been reached at the European Union's Council of Ministers over a proposed harmonisation of national accounting laws for businesses that do not yet have to apply International Accounting Standards. National governments are keen to see the proposal swiftly become law and have forwarded their common position to the European Parliament with a request that it approves the proposed directive "at the earliest possible opportunity." Its aim is to cajole Member States into dragging their remaining distinct national accounting laws ...


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