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New process for endorsing IFRSs in the European Union

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09 Apr 2008

The European Union has formally published Commission Regulation (EC) No 297/2008 of 11 March 2008 amending the EU 'IAS Regulation' with respect to the Process for Endorsing IFRSs for Use in the EU.

The procedure requires the Commission staff to submit their recommendations for endorsement to both the European Parliament Committee on Economic and Monetary Affairs and the Council for approval. The regulation calls on the Commission, the Council, and the European Parliament to act speedily to ensure that IFRSs and interpretations are adopted in a timely manner.
Click to view Commission Regulation (EC) No 297/2008 (PDF 33k).

 

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