MCCREEVY THREATENS IASB OVER SMALL BUSINESS RULES
October 1st, 2006
BY KEITH NUTHALL
EUROPEAN Union (EU) internal market Commissioner Charlie McCreevy has warned the International Accounting Standards Board (IASB) its oncoming small and medium-sized business (SME) standards had better be user-friendly, or Brussels will ignore them. He told a meeting of the Association of Chartered Certified Accountants (ACCA) Ireland, in Dublin, that the European Commission would actively engage in a public consultation following its issuing a of draft SME accounting standards. "I have made it clear already that only simple, easy-to-apply ...
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