Adoption of amended EU accounting directives expected this month

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12 Mar 2003

We have posted a Progress Report on the EU's Financial Services Action Plan as of 25 February 2003.

Click to download the Progress Report (PDF 48k).

The report notes that 32 measures have been completed, including Regulation (EC)1606/2002 of the European Parliament and of the Council on the Application of International Accounting Standards, adopted on 19 July 2002. The report also notes that a revised Directive modernising the accounting provisions of the 4th and 7th Company Law Directives is "expected to be adopted in March 2003." (click for More Information).

For a comprehensive chronology of progress toward IFRS in the European Union, please Click Here.


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