EU calls for caution over IFRS move

The European Commission has warned the International Accounting Standards Board that it must not use a project to harmonise global accounting rules as an opportunity to revolutionise financial reporting.

European Commission: Speech: SPEECH/05/627 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/05/627&format=HTML&aged=0&language=EN&guiLanguage=en

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