Europe is moving toward IAS

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08 Dec 2000

One of 10 'quantum leap' priorities announced by the European Commission on 7 November to achieve a single financial market in Europe is legislation to follow-up EU's Accounting Strategy Communication of June 2000 which proposed that IASC Standards be mandatory for all listed European companies by 2005. That proposal was endorsed in July by Council of European Economic and Finance Ministers of the 15 European states.

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