The future of IFRSs in Europe
Stand: 01 November 2014
Since the adoption of the IAS Regulation in 2002, the International Financial Reporting Standards (IFRSs) have served as the authoritative accounting rules for publicly traded companies in the European Union. Disclosure of financial information is no longer conceivable for such companies without IFRSs. This is because, besides being an “admission ticket” to the international capital markets, the application of IFRSs helps to make financial statements more meaningful and comparable and to harmonise internal and external accounting.
The brochure explains how an IFRS is developed and becomes applicable law in Europe.