This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

EU ambassador urges global accounting standards

  • News default Image

29 Dec 2002

In a Speech (PDF 28k) at the European Institute in Washington, Guenter Burghardt, European Union Ambassador to the United States, spoke about Creating a Transatlantic Securities Market: EU/US Regulatory Convergence.

He supported a market in which investors on both sides of the Atlantic have access to adequate and timely information based on one set of principles-based global accounting rules. "The EU will adopt International Accounting Standards from 2005, greatly reducing the burdens and costs on companies looking to do business cross-border on the basis of accounts prepared in accordance with high quality international standards. However, those looking to do business in the US will still be faced with the costs of reconciling those accounts to US GAAP standards."

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.