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Europe Daily Bulletin No. 8992

16 July 2005
Contents Publication in full By article 22 / 39
GENERAL NEWS / (eu) eu/financial services
Accounting Regulatory Committee recommends adoption of modified version of IAS 39

Brussels, 15/07/2005 (Agence Europe) - The Accounting Regulatory Committee, which advises the Commission on the adoption of international accounting standards, last week unanimously decided to recommend the adoption of a modified version of the IAS 30 provisions, “Financial Instruments: accounting and evaluation”. The modification suggested by the International Accounting Standards Board (IASB) should allow asymmetry to be avoided between a company's assets and liabilities. It restricts...

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GENERAL NEWS