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Europe Daily Bulletin No. 9141

1 March 2006
Contents Publication in full By article 33 / 49
GENERAL NEWS / (eu) eu/financial services
IASB and FASB launch work programme for convergence of international and American accounting standards

Brussels, 28/02/2006 (Agence Europe) - The two bodies responsible for establishing international accounting standards, the International Accounting Standards Board (IASB) and its American counterpart, the Financial Accounting Standards Board (FASB), signed a protocol of agreement on 27 February aimed at convergence between the International Financial Reporting Standards (IFRS) used in the EU and the American accounting standards (US GAAP). The aim is to abolish, by 2008, the obligation...

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