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Article on adoption of IFRSs in Europe

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15 Jun 2005

We have posted an article by Paul Pacter, IAS Plus webmaster, titled Adoption of IFRSs in Europe (PDF 1,012k) from the April 2005 issue of The Hong Kong Accountant.

In this article Paul responds to the following questions:

  • Is switching to IFRSs a big adjustment for European listed companies?
  • What are the big changes in the reported profits of European listed companies as a result of changing to IFRSs?
  • In your opinion, what are the principal fears of the European companies concerning IFRSs? Which IFRSs are the most troublesome?
  • Are European companies finding it difficult to apply IAS 39?
  • What is the IASB's project on standards for small and medium-sized entities all about? Why are IASB SME standards needed?
  • What will be the subjects addressed in the next group of IASB standards?

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