ICAEW webinar on lessons learned from the adoption of IFRS in the EU
The Institute of Chartered Accountants in England and Wales (ICAEW) has published a report setting out some practical insights and recommendations for policy makers, regulators, standard-setters and other interested parties in jurisdictions that have recently adopted IFRS or are considering doing so.
The insights were gleaned while preparing the ICAEW's response to the European Commission's public consultation on the impact of International Financial Reporting Standards (IFRSs) in the EU, which built on a consultation among ICAEW members and was supplemented by a report reviewing 170 academic research papers (the report has been updated).
As the results of the ICAEW's consultation and review exercises indicated among other things that lessons might be learned by jurisdictions outside Europe contemplating or in the early stages of IFRS adoption from the experience of the UK and other EU member states, the lessons have now been published in a succinct and accessible report that places them in a global context. There are seven lessons.
The ICAEW will be holding a webinar to discuss the key findings of the report on 8 July 2015. Registration details are available on the ICAEW website.
