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Europe Daily Bulletin No. 7977

6 June 2001
Contents Publication in full By article 32 / 53
GENERAL NEWS / (eu) eu/internal market
Agreement over Directive modernising EU accounting rules

Brussels, 05/06/2001 (Agence Europe) - The "Internal Market/Consumer" Council, gathered last Thursday in Brussels, formally adopted a Directive aiming to modernise the European accounting rules, that is to say bringing them into line with international accounting practices.

As we previously indicated, the Directive will replace the present rules, 20 years old, by authorising the application of the "fair value" accounting method (fair value is usually associated to the present value of a...

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