STANDARDS DIRECTIVE
April 1st, 2003
BY ALAN OSBORNEUROPEAN Union (EU) ministers yesterday (Wednesday) formally agreed an amending directive that will allow member countries which do not apply International Accounting Standards (IAS) to all companies to bring in matching transparent, high quality financial reporting, so preparing the way for like-for-like financial comparisons throughout the EU. The European Commission said the amendments provided for appropriate accounting for special purpose vehicles, improved the disclosure of risks and uncertainties and increased the consistency of audit reports ...
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