EC adopts consolidated text of EU-IFRSs
06 Nov 2008
On 3 November 2008, the European Commission adopted the consolidated text of all International Financial Reporting Standards in force in the European Union (EU).
The consolidated version puts together all IFRS endorsed to date – that is, those endorsed from 29 September 2003 to 15 October 2008. This action does not encompass the entire current body of IFRSs, because 14 IASB pronouncements still remain to be endorsed for use in the EU, and the EU has made some modifications of IAS 39. Also, EC adoption does not include the implementation guidance and bases for conclusions that the IASB issues with its Standards. The EC's new consolidated text will be available in all official EU languages. All cross-references have been updated, and the translations have been reviewed and 'overhauled'. Formally, the adoption of the consolidated text was done by Regulation (EC) No 1004/2008. Click for:
- EC press release (PDF 84k)
- Consolidated text of IFRSs as endorsed by the EC (PDF 1,966k)
- More information on EC website
