New guidance on international accounting standards
New guidance on international accounting standards
- 2003
- International Accounting Standards Board Press Release 19 June 2003 (3) .
The International Accounting Standards Board (IASB) has published guidance on how companies should move towards adoption of its standards. Most listed companies in the EU must use these instead of their home country reporting rules from 2005. Companies that issue financial statements for the fiscal year ending December 2005 under the IASB's standards will also have to restate their accounts for 2004 because of the need for comparative information. Companies with US share listings could also have to restate their accounts for 2003 because US regulators require two years of comparative information. Information on ordering a copy is available on the IASB website http://www.iasc.org.uk.
INTERNATIONAL ACCOUNTING STANDARDS
LISTED COMPANIES
EUROPEAN UNION
FINANCIAL ACCOUNTING
The International Accounting Standards Board (IASB) has published guidance on how companies should move towards adoption of its standards. Most listed companies in the EU must use these instead of their home country reporting rules from 2005. Companies that issue financial statements for the fiscal year ending December 2005 under the IASB's standards will also have to restate their accounts for 2004 because of the need for comparative information. Companies with US share listings could also have to restate their accounts for 2003 because US regulators require two years of comparative information. Information on ordering a copy is available on the IASB website http://www.iasc.org.uk.
INTERNATIONAL ACCOUNTING STANDARDS
LISTED COMPANIES
EUROPEAN UNION
FINANCIAL ACCOUNTING