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Image header Agence Europe
Europe Daily Bulletin No. 8782
Contents Publication in full By article 18 / 45
GENERAL NEWS / (eu) eu/financial services

Most Member States support partial adoption of IAS 39 accounting standards while awaiting solution that banks find more favourable

Brussels, 09/09/2004 (Agence Europe) - Most Member States support the European Commission's idea of partially approving the international IAS 39 standards, which focus on assessment of financial instruments used in auditing companies. Partial transposition would allow negotiations to continue at the International Accounting Standards Bureau (IASB) on the two points that are opposed in the standard: assessment of "market value" of derived products in the auditing of banks and core...

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