IASB Chairman speaks on ten years of IFRS in Italy and the European Union
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:
- The use of IFRS has improved financial reporting and increased transparency throughout the European Union.
- The co-operative relationship the IASB has develop with Europe has increased level of outreach and stakeholder participation by national standard-setters and others.
- 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.
