Large accounting firms strongly endorse IAS for Europe

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20 Dec 2001

The chief executives of the seven largest public accounting firms in Europe have jointly signed a letter endorsing IAS for Europe.

Signatories include Wolfgang Grewe, Managing Partner, Deloitte & Touche, Europe and Africa. The Letter, which was published in the Financial Times, said:

A European capital market must be strong if it is to be one of the leading sources of global finance. The application of consistent financial reporting standards is step in the right direction and should be a public interest priority. We wish to record the full support of our respective firms for the Commission's vision for a strong, competitive and efficient capital market for Europe including the application of IAS.

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