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Europe Daily Bulletin No. 8744

9 July 2004
Contents Publication in full By article 14 / 50
GENERAL NEWS / (eu) eu/financial services
EFRAG services unable to adopt opinion on evaluation standard for financial instruments, IAS 39

Brussels, 08/07/2004 (Agence Europe) - Experts advising the Commission on audit and accounting issues were unable, on Wednesday, to reach an agreement on an international accounting standard, IAS 39, that evaluates financial coverage instruments in company reports.

During a meeting in Brussels, 6 members out of 11 of the European Financial Reporting Advisory Group (EFRAG) voted against the adoption of this standard. The French, Italian and Dutch members of the group voted against. EFRAG was...

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