Accountants at odds with Brussels

Article reported that the accounting rulemakers, the International Accounting Standards Board, were on a potential collision course with the European Commission in January 2012 over changes to the way companies report partially-owned activities and off-balance sheet relationships.

IFRS: Press Release, 27.1.12: IASB and FASB seek to reduce differences in classification and measurement models for financial instruments http://www.ifrs.org/Alerts/PressRelease/classification+measurement++jan+2012.htm

Website: IFRS Foundation http://www.ifrs.org/Home.htm

http://www.efrag.org/ http://www.efrag.org/

EFRAG: Press Release, 24.1.12: EFRAG expects to issue an invitation to comment on its initial assessments of IFRS 10, IFRS 11 and IFRS 12 on 1 February 2012 with a comment period until 8 March 2012 http://www.efrag.org/Front/n1-896/EFRAG-expects-to-issue-an-invitation-to-comment-on-its-initial-assessments-of-IFRS-10--IFRS-11-and-IFRS-12-on-1-February-2012-with-a-comment-period-until-8-March-2012-.aspx

IFRS: Webcast introducing IFRSs 10, 11 and 12, May 2011 http://www.ifrs.org/Meetings/IFRSs+10+11+12+May+25+2011.htm

European Commission: DG Internal Market and Services: Business environment: Accounting http://ec.europa.eu/internal_market/accounting/index_en.htm

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