FEE paper on combined financial statements

  • FEE (Federation of European Accountants - Fédération des Experts-comptables Européens) (lt green) Image

08 Apr, 2011

The European Federation of Accountants (FEE) has published a paper Combined Financial Statements: A Discussion Paper.

The paper is intended to enhance the public debate on the preparation of combined financial statements under IFRS since "[a]t present, IFRSs do not provide a specific standard for the preparation of combined financial statements. Therefore, there seem to be diverse practices in preparing such financial information. [...] Since significant diverse practices in preparing combined financial information are inappropriate for the functioning of capital markets, there is an obvious need for harmonisation." The paper forms a first step to collect views from all parties concerned and describes briefly the key areas relevant for the preparation and understanding of combined financial statements and identifies questions. The press release on the FEE's website contains a link to the discussion paper. The comment deadline is 30 September 2011.


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