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Image header Agence Europe
Europe Daily Bulletin No. 8330
Contents Publication in full By article 16 / 51
GENERAL NEWS / (eu) eu/financial services

Commission welcomes agreement announcing convergence of American and international norms

Brussels, 29/10/2002 (Agence Europe) - The European Commission welcomes the conclusion, on Tuesday in London, of an agreement between the International Accounting Standards Body (IASB) and the US Financial Accounting Standards Board (FASB). In the agreement, the two bodies undertake to close the gap between American and international accounting standards. The aim of the "memorandum of understanding" concluded by the two parties is to identify before end 2003 the main differences that force...

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