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Image header Agence Europe
Europe Daily Bulletin No. 10158
Contents Publication in full By article 24 / 35
GENERAL NEWS / (eu) eu/financial services

Commission concern about IFRS usage in the United States

Brussels, 11/06/2010 (Agence Europe) - In a report on convergence in 2009 between International Financial Reporting Standards (IFRS) that apply in the European Union and the accounting standards used elsewhere in the world, the European Commission expresses concern about lack of commitment from the United States in this domain: “In the absence of a clear commitment to move towards adopting IFRS for US domestic issuers, both the credibility of the IFRS system and the participation of...

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