EVCA expresses concern about IAS 27

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26 Jul 2003

In a recent Public Statement (PDF 108k), the European Private Equity and Venture Capital Association (EVCA) welcomed the introduction of IFRS in Europe but expressed concerns about the potential of certain standards to negatively affect private equity and venture capital investments in EU companies.

In addition to concerns about IAS 32 and 39, EVCA's statement said that IAS 27 (on consolidated financial statements) "urgently needs to be addressed as it poses a serious threat to the financing of EU companies through the private equity and venture capital industry".

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