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 process 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:

• Consolidated text
• Original text with amendments

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

Related documents:

02.2012	Use of options of the IAS Regulation by Member States
05.2009	Evaluation of the Application of IFRS in the 2006 Financial Statements of EU Companies
04.2008	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)
10.2007	EU implementation of IFRS and the fair value directive (in 2005)
11.2003	Comments on the IAS Regulation and the Accounting Directives

Press:

See also:

• IAS/IFRS Standards and Interpretations adopted by the EU
• Accounting Regulatory Committee (ARC)
• European Financial Reporting Advisory Group (EFRAG)