FEE calls for coordinated enforcement of IFRS in Europe

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08 Jan 2004

The European Federation of Accountants (FEE) has called for a pan-European body to enforce International Financial Reporting Standards consistently throughout Europe.

"The impending adoption of IFRS in Europe should be a key driver towards a fully integrated European capital market by facilitating comparability of financial information across the EU. However, FEE... is concerned that the benefits of increased market efficiency will be undermined unless there is consistent enforcement of IFRS throughout Europe, a role that the proposed enforcement body would undertake.... The European coordination body's role is to ensure consistency in the processes used and decisions reached by national enforcement bodies in order to create a level playing field for enforcement of International Financial Reporting Standards." Click for:

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