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Image header Agence Europe
Europe Daily Bulletin No. 9766
Contents Publication in full By article 12 / 25
GENERAL NEWS / (eu) eu/financial services

Council endorses revision of “fair value” principle in application of international accounting standards

Brussels, 21/10/2008 (Agence Europe) - On Monday, the Council decided not to oppose the European Commission's adoption of Regulation (EC) 1004/2008 on amending certain international accounting standards (EUROPE 9763). The European Union is therefore adopting the amendments that the International Accounting Standards Board (IASB), the organisation in charge of elaborating International Financial Reporting Standards (IFRS), had introduced to the IAS 39 and IFRS 7 standards on financial...

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