February

G4+1 disbands

12 Feb 2001

At its meeting in London on 30 January-1 February, the G4+1 group of standard-setters agreed that because the new International Accounting Standards Board is ready to start its activities, the G4+1 group would disband and cancel its planned future activities.

G4+1 does not plan any further publications or meetings. Here is the G4+1 Announcement (PDF 28k).

EC moving toward IAS

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).

Structure section of IASPlus expanded

05 Feb 2001

The section of our website describing IASC's new Structure has been expanded. .

The section of our website describing IASC's new Structure has been expanded.

CGAA supports IAS for Canada

01 Feb 2001

In a public statement to Canada's Accounting Standards Oversight Council, the Certified General Accountants Association of Canada strongly supported adopting the IASC standards in Canada.

CGA-Canada "firmly supports moving away from setting national accounting standards based on those set by the Financial Accounting Standards Board (FASB), in favour of harmonized global standards". Link to the CGA-Canada News Story.

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