Most European CFOs want International Accounting Standards
08 Dec 2000
A study by Research International, commissioned by PricewaterhouseCoopers, found that 79 percent of 717 European CFOs support the European Commission's proposal (see previous news item) to require all listed companies in Europe to follow IAS in their consolidated financial statements by 2005. In fact, 75 percent want the option to publish IAS financials before 2005. The survey sought the views of CFOs of companies that have already converted to IAS, and 80 percent said there are more benefits than drawbacks. .
A study by Research International, commissioned by PricewaterhouseCoopers, found that 79 percent of 717 European CFOs support the European Commission's proposal (see previous news item) to require all listed companies in Europe to follow IAS in their consolidated financial statements by 2005. In fact, 75 percent want the option to publish IAS financials before 2005. The survey sought the views of CFOs of companies that have already converted to IAS, and 80 percent said there are more benefits than drawbacks.