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EC moving toward IAS

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06 Feb 2001

In a speech on the integration of the European financial markets in Stockholm on 22 January, European Commission Internal Market Commissioner Frits Bolkestein said: The Commission is also about to issue a proposal for a single set of accounting standards based on International Accounting Standards (IAS).

This will reduce costs for businesses and vastly improve market transparency. Better transparency leads to better price discovery. That in turn reduces hidden market distortions by allowing fair and easy comparison. Click for (PDF 42k).

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