Related news

• EFRAG endorses IAS 32 but not IAS 39

• Jul 09, 2004

• At its meeting yesterday in Brussels, the Technical Expert Group of the European Financial Reporting Advisory Group (EFRAG) agreed to recommend that the European Commission endorse IAS 32 'Financial Instruments: Presentation and Disclosure' for use in Europe.

• EC begins study of equivalence of national GAAPs to IFRSs

• Jun 30, 2004

• The Accounting Regulation adopted by the European Union requires that European companies listed in a regulated European securities market must prepare their financial statements in conformity with International Financial Reporting Standards starting in 2005. Subsequent legislation provides that non-European companies whose securities are listed in a regulated European securities market must also follow IFRSs starting in 2007 unless the Commission has agreed, prior to 1 January 2007, to recognise financial statements prepared in accordance with "third country GAAP" (a non-European national GAAP) as being equivalent to those prepared in accordance with IFRSs.

• Deloitte partner is the new chair of EFRAG

• Jan 23, 2004

• Deloitte & Touche partner Stig Enevoldsen has been selected as the new full-time Chairman of the Technical Expert Group (TEG) of the European Financial Reporting Advisory Group (EFRAG) effective 1 April 2004 for a three-year term.