UK FSA voluntarily reports using IFRSs

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27 Jun 2006

The United Kingdom Financial Services Authority (FSA, the securities and banking regulator) has chosen voluntarily to report under International Financial Reporting Standards starting with the financial year ending 31 March 2005. A report from the FSA shows the greatest impact of IFRSs was in the areas of leases, employee benefits, and intangible assets.

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