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Disclosing the impact of adopting IFRS in Europe

  • European Union (old) Image

08 Oct 2003

The Committee of European Securities Regulators has invited comments on a draft recommendation on how companies should communicate the impact of the transition to IFRS in 2005. Comments are requested by 20 November 2003. The draft recommendation includes CESR's proposed responses to the following questions: What information should companies publish before 1st January 2005, the most common effective date of transition to IFRS, to explain to investors the potential impact of the new standards? Which accounting rules should be adopted by issuers for preparing quarterly (where applicable) and half-year interim financial data that will be released in 2005? How can comparability be achieved between interim or annual financial information for 2005 and earlier equivalent periods, to ensure investors can effectively interpret the development of the companies financial position? Click to download the: CESR Press Release (PDF 114k). CESR Consultative Paper (PDF 164k). .

The Committee of European Securities Regulators has invited comments on a draft recommendation on how companies should communicate the impact of the transition to IFRS in 2005. Comments are requested by 20 November 2003. The draft recommendation includes CESR's proposed responses to the following questions:

  • What information should companies publish before 1st January 2005, the most common effective date of transition to IFRS, to explain to investors the potential impact of the new standards?
  • Which accounting rules should be adopted by issuers for preparing quarterly (where applicable) and half-year interim financial data that will be released in 2005?
  • How can comparability be achieved between interim or annual financial information for 2005 and earlier equivalent periods, to ensure investors can effectively interpret the development of the companies financial position?
Click to download the:

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