MCCREEVY ACCOUNTING STANDARDS COORDINATION DELAY
January 1st, 2005 BY KEITH NUTHALL EUROPEAN Union (EU) internal market Commissioner Charlie McCreevy has signalled that the European Commission will delay making any decisions on whether US Generally Accepted Accounting Principles (GAAP) can be formally recognised within the EU. He told a Brussels festive cocktail, of the Association of Corporate Treasurers in Belgium, that the Commission was continuing to consider whether GAAP "might be considered equivalent with IFRS", the international financial reporting standards now compulsory for EU listed companies. But with the ...
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.