Report from the ARC 30 November 2005 meeting
01 Dec 2005
The Accounting Regulatory Committee of the European Commission met on 30 November 2005 in Brussels.
Key agenda items:
An important consequence of the above is that – assuming IFRS 7 and the various amendments are adopted by the Commission and published in the Official Journal early in 2006 – European IFRS companies can early adopt IFRS 7 and those amendments for calendar 2005 financial statements if they wish. Adoption and publication are expected by March 2006 or earlier. The Commission has posted the foregoing information Here.
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