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Speech at Paris IFRS conference on the European view of IFRSs

  • Speech (mid gray) Image

30 Jun 2015

At the IFRS Foundation's IFRS conference currently held in Paris, the Chairman of the French standard-setter Autorité des Normes Comptables (ANC) Patrick de Cambourg spoke about the crucial importance of international accounting standards and the objective of establishing 'a confident and level playing field dialogue with the IASB'.

In his speech, Mr de Cambourg evaluated the 10 years of IFRS implementation in Europe and observed that Europe (and the world in general) is moving into a new stage of standard-setting. He stressed that extra attention needs to be paid to the general principles underlying standard-setting, if understanding and buy-in is to be encouraged. Therefore, he pointed out, standard-development needs to be pursued in a coherent manner, has to address emerging issues and has to avoid over-complexity.

The full transcript of Mr de Cambourg’s speech is available on the ANC website.

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