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Image header Agence Europe
Europe Daily Bulletin No. 9804
Contents Publication in full By article 16 / 35
GENERAL NEWS / (eu) eu/financial services

Foreign companies quoted in EU can continue to use accounting standards from six third countries

Brussels, 15/12/2008 (Agence Europe) - On Friday 12 December, the European Commission adopted a decision that recognised the equivalence (from January 2009) of accounting standards for six third countries (Canada, China, South Korea, US, India and Japan), as well as International Financial Reporting Standards (IFRS) in force in the European Union (EUROPE 9802). Foreign companies quoted on European stock exchanges can therefore continue to present their financial balance sheets by using...

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