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Europe Daily Bulletin No. 8934

23 April 2005
Contents Publication in full By article 13 / 47
GENERAL NEWS / (eu) eu/financial services/united states
Agreement on road map towards convergence of accounting standards

Brussels, 22/04/2005 (Agence Europe) - The European Commission and the American Securities and Exchange Commission- SEC) have reached an agreement on a road map to lead to the recognition of the equivalence between the international financial reporting standards (IFRS) and the US Generally Accepted Accounting Principles (GAAP), in early 2007 at the earliest and not later than 2009. The road map established the stages the SEC will go through to remove the obligations on business to use IFRS...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION
SUPPLEMENT