INTERNATIONAL STANDARDS DEAL
October 1st, 2002
Keith NuthallTHE EUROPEAN Commission has welcomed the deal struck between the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) to harmonise their systems by 2005, because it strengthens EU legislation requiring the use of IAS.Frits Bolkestein, internal market Commissioner, said: "The announcement....will in particular help the US Securities and Exchange Commission (SEC) to accept financial statements prepared by EU companies in accordance with IAS, without reconciliation to US GAAP, for the purposes of listing ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.