Steps toward IAS in Denmark

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14 Jan 2002

A new accountancy act went into effect in Denmark on 1 January 2002, as did new accounting standards on investment property, provisions, and business combinations.

While broadly based on the IASC Framework and IAS, some important differences with IAS remain. Also, the Copenhagen Stock Exchange has recommended that Danish listed companies consider adopting IAS earlier than the proposed 1 January 2005 date for all EU listed companies.

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