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ACCA urges acceptance of IAS 32 and 39 in Europe

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08 Feb 2004

The Association of Chartered Certified Accountants (ACCA) has expressed dismay about the possible delay in European endorsement of the revised IAS 32 and IAS 39 on financial instruments.

Allen Blewitt, ACCA Chief Executive, said: "The goal of achieving a truly global set of financial reporting standards is vital for the credibility of the world's capital markets. All parties must accept that the process of global convergence will necessarily involve some pain and some gain – they must keep their eye on the bigger picture." Click for ACCA Press Release (PDF 24k).

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