CESR statement on IFRS accounting policy disclosures
21 Jan 2006
The Committee of European Securities Regulators (CESR) has issued a public statement to remind European securities issuers using IFRSs of the importance of giving clear and transparent disclosure about (a) their use of any of the accounting policy options available under IFRSs and (b) their decisions regarding the determination of accounting policies in the absence of specific IFRS guidance.
CESR highlighted four specific situations where transparent disclosure will be particularly relevant for the 2005 annual financial statements because of first-time adoption of IFRSs:
Click for (PDF 104k).
|