The Accounting Standards Board (ASB) has issued a this statement on the implications for UK financial reporting of the modified version of IAS 39 proposed by the European Commission.
On October 1, 2004 the EU voted to adopt as a version of IAS 39 that has been amended by the European Commission rather than the unamended IAS 39 as published by the IASB. This decision raises important issues both for companies in the UK.
The implications of the EU’s decision for entities reporting under EU-adopted international accounting standards are not straightforward, says Ian Mackintosh, ASB Chairman.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
