30/06/2008 (Agence Europe) - In June 2008, the European Commission published on its website a draft decision authorising companies from outside the EU that are quoted on stock exchanges within the EU to continue to submit financial documents from 1 January 2009 onwards using US (US GAAP) or Japanese accounting standards. This authorisation also applies until the end of 2011 to companies from outside the EU using Canadian, Chinese or South Korean accounting standards. This measure was announced by EU Commissioner Charlie McCreevy after the US authorities decided at the end of last year to accept accounting documents from European companies quoted on US stock exchanges drawn up using the IFRS rules in force in the EU (see EUROPE 9553, 9545). Draft decision: http: //ec.europa.eu/internal_market/accounting/docs/dec-gaaps_en.pdf (M.B./transl.fl)