Comparison of Luxembourg GAAP, IFRSs, and US GAAP
16 May 2007
We have posted Lux GAAP–IFRS–US GAAP: A Comprehensive Comparison, published by Deloitte SA (Luxembourg).
IFRS will be introduced into the local Luxembourg commercial law as an alternative to the current Luxembourg accounting principles. The international standards have already been included as an accounting option for credit institutions. The Luxembourg authorities are working on a draft commercial law, this will give the option to use IFRS for statutory accounts, to any limited companies registered in Luxembourg. |