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.
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.
- Use of options of the IAS Regulation by Member States
- Evaluation of the Application of IFRS in the 2006 Financial Statements of EU Companies
- Report on the operation of Regulation (EC) No 1606/2002 of 19 July 2002 on the application of international accounting standards
- with subsequent corrections regarding the use of the regulatory options in Finland and Lithuania (12 June 2008)
- EU implementation of IFRS and the fair value directive (in 2005)
- Comments on the IAS Regulation and the Accounting Directives
- Agreement on International Accounting Standards will help investors and boost business in EU
- The IAS Regulation – Frequently Asked Questions
- Commission proposes requirement for listed companies to use International Accounting Standards by 2005
- EU moves closer towards global financial reporting standards
- Update of the Accounting Strategy Frequently Asked Questions
- Commission proposes a new strategy for the improvement of the financial reporting framework for companies in Europe