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IAS regulation

    In 2002 the European Union agreed that from 1 January 2005 International Accounting Standards / International Financial Reporting Standards would apply for the consolidated accounts of the EU listed companies.

    A dedicated endorsement processpdf was established together with new consultative and advisory organisations (ARC, EFRAG).

    Accounting standards are adopted by the EU in the form of regulations and published in the Official Journal of the European Union. Regulations are directly applicable in all Member States.

    Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards:

    For all IFRS/IAS with interpretations endorsed by the EU please consult the Regulations adopting IAS section.