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IASB Chairman speaks on ten years of IFRS in Italy and the European Union

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13 Nov 2015

IASB Chairman Hans Hoogervorst discussed the impact of 10 years of IFRS in Italy and throughout the European Union during a speech in Milan.

In his speech, Mr Hoogervorst commented on what he views as the main lessons learned from IFRS in Europe in the past decade. These three lesson are:

  1. The use of IFRS has improved financial reporting and increased transparency throughout the European Union.
  2. The co-operative relationship the IASB has develop with Europe has increased level of outreach and stakeholder participation by national standard-setters and others.
  3. The decade-long work with Europe shows other jurisdictions that adopting a single set of high quality standards can be achieved globally.

Full transcript of his speech is available on the IASB’s website.

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