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ECOFIN conclusions on accounting valuations

  • European Union (old) Image

08 Oct 2008

Our News Story of 7 October noted that the Eurogroup and EU Economic and Finance Ministers Council (ECOFIN) would be discussing accounting valuation issues at its meeting in Luxembourg on 6 and 7 October 2008. ECOFIN has adopted a broad range of Conclusions on a Coordinated EU Response to the Economic Slowdown.

Here is the conclusion on asset valuation:

On asset valuation, revised standards are urgently awaited from the International Accounting Standards Board; otherwise, persistent concern about the accounting treatment of assets will continue to undermine investor confidence.

Click to view Conclusions on a Coordinated EU Response to the Economic Slowdown (PDF 143k).

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