Information on IFRS (International Accounting Standards)
International Financial Reporting Standards (IFRS) are issued by an international private organisation, the International Accounting Standards Board (IASB). The EU has to endorse IFRS 'as they are' in order to be fully compliant. Non-endorsement or carve-outs are possible, but EU firms have still to comply with the full IFRS if they want to benefit from IFRS’ global acceptance, e.g. in the US, permitting a European company to use IFRS only without the need to adapt the accounting to national generally accepted accounting principles (national GAAP).One important draft standard under discussion is IFRS 9 prescribing how financial instruments are accounted for. It shall replace the current standard (IAS 39) which was criticised for not taking declining values of financial assets during the financial crisis adequately into account. This leaflet lists the publications which have been prepared for the discussion of IFRS.
En bref
À propos de ce document
Type de publication
Auteur
Mot-clé
- bibliographie
- commission PE
- comptabilité nationale
- documentation
- droit de l'Union européenne
- FINANCES
- institutions de l'Union européenne et fonction publique européenne
- instrument financier
- libre circulation des capitaux
- norme internationale
- PRODUCTION, TECHNOLOGIE ET RECHERCHE
- règlement CE
- stabilité financière
- système normalisé de comptabilité
- technologie et réglementation technique
- UNION EUROPÉENNE
- ÉCONOMIE
- ÉDUCATION ET COMMUNICATION
- élaboration du droit de l'UE