Press Release: Accounting: Commissioner McCreevy welcomes work programme for convergence between EU and US standards

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Series Details IP/06/237 (27.2.06)
Publication Date 27/02/2006
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Charlie McCreevy, European Commissioner for Internal Market and Services, on 17 February 2006 welcomed the publication of a Memorandum of Understanding between the United States Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) that outlined a work programme for convergence between US Generally Accepted Accounting Practices (GAAP) and International Financial Reporting Standards (IFRS).

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