This site has been archived on (2014/04/09)
09/04/2014
Twitter
RSS

News Archive

« recent news

2009
24.12.2009 New regulation adopting standards/interpretations: IAS 32
14.12.2009 The ARC voted in favour of the adoption of the amendments to IFRS 1 Additional Exemptions for First-time Adopters (Issued by IASB on 23.07.2009)
01.12.2009 New regulation adopting standards/interpretations: IFRS 1, IFRIC 17, IFRIC 18, IFRS 4 & 7, IFRIC9 & IAS39
20.11.2009 Commission takes action to ensure that 10 Member States implement EU rules (IP/09/1760)
17.11.2009 Consultation on the International Financial Reporting Standard for Small and Medium-sized Entities
11.11.2009 The ARC voted in favour of the adoption of Annual improvements 2009 and amendments to IAS 32 Classification of Rights Issues and to IFRS 2 Group Cash-settled Share-based Payment Transactions
06.11.2009 Conference on International Developments in Accounting and Auditing (8 February 2010)
04.11.2009 Letter from the Commission Services to the IASB: Exposure Draft Financial Instruments (IAS 39 revision - Phase 1) "Classification and Measurement" - Comments on Near Final Draft
21.10.2009 The results of the 2009 Consultation on the Review of the Accounting Directives
25.09.2009 Decision on financing of EFRAG and IASCF
22.09.2002 Commission Decision of 21 September 2009 nominating two public policy members of the Supervisory Board of the European Financial Reporting Advisory Group
16.09.2009 European Commission comment letter about the proposed amendments to IAS 39 concerning the classification and measurement of financial instruments
16.09.2009 New regulation adopting standards/interpretations: IAS 39, IAS 39 & IFRS 7
28.07.2009 Update on the Review of the Fourth and Seventh Company Law Directives
23.07.2009 New regulation adopting standards/interpretations: IFRIC 15
22.07.2009 Stakeholders’ Meeting on IASB’s IAS 39 revision – Phase I. Exposure Draft (22 July 2009)
16.07.2009 The ARC voted in favour of the adoption of IFRIC9/IAS39 Embedded Derivatives, IFRS 1 First-time Adoption of IFRS (revised), IFRS 7 Financial Instruments: Disclosures (amended), IFRIC 17 Distributions of Non-cash assets to owners, IFRIC 18 Transfers of Assets from Customers
12.06.2009 New regulation adopting standards/interpretations: IAS 27, IFRS 3
05.06.2009 New regulation adopting standards/interpretations: IFRIC 16
18.05.2009 Commission appoints three new members of the Standards Advice Review Group (IP/09/886)
21.04.2009 Conference on “Financial Reporting in a Changing World”, Brussels, 7–8 May 2009 (MEX/09/0421)
02.04.2009 Upcoming Conference on Financial Reporting in a Changing World, 7–8 May 2009
28.03.2009 Call for applicationsPDF regarding the nomination of public policy members of EFRAG’s Supervisory Board (OJ 2009/C 74/04)
26.03.2009 New regulation adopting standards/interpretations: IFRIC 12
03.03.2009 The ARC voted in favour of the adoption of Reclassification of Financial Assets – Effective Date and Transition (Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures)
26.02.2009 Consultation on the Review of the Fourth and Seventh Company Law Directives. Deadline for comments 30 April 2009.
26.02.2009 Commission proposes major burden reduction for micro entities
17.02.2009 Commission services Effect Study on Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures “Reclassification of Financial Assets – Effective Date and Transition” PDFEnglish
30.01.2009 The ARC voted in favour of the adoption of IFRS 3 Business Combinations
26.01.2009 Commission adopts measures to strengthen supervisory committees (CESR, CEBS, CEIOPS) and standard-setting bodies for accounting and auditing (EFRAG, IASCF, PIOB) (IP/09/125).
More information
24.01.2009 New regulation adopting standards/interpretations: IFRS 1, IAS 27, IAS 32, IAS 1, Improvements to IFRS
2008
19.12.2008 The Commission Regulation and Commission Decision granting equivalence in relation to third country GAAPs and adopted by the Commission on 12 December were published in the Official Journal of the EU today.
12.12.2008 European Commission grants equivalence in relation to third country GAAPs IP/08/1962
28.11.2008 Commission services Effect Studies on
  • Business Combinations (IFRS 3 & IAS 27) PDFEnglish
  • IAS 39 Eligible Hedge Items PDFEnglish
  • IFRIC 15 Agreements for the Construction of Real State PDFEnglish
  • IFRIC 16 Hedges of a Net Investment in a Foreign Operation PDFEnglish
18.11.2008 Call for applications regarding Commission Decision of 14 July 2006 setting up a Standards Advice Review Group (OJ 2008/C 299/05) PDF

DeutschEnglishFrançais
14.11.2008 European Securities Committee votes to grant "equivalence" in relation to third country GAAPs IP/08/1715
05.11.2008 Accounting standards: Commission adopts consolidated text of IFRS applicable in the EU as of 17.10.2008
  Commission welcomes IASB guidance on the application of fair value measurement when markets become inactive (IP/08/1636)
28.10.2008 Letter from the Commission Services to the IASB about further issues related to IAS 39 PDFEnglish
20.10.2008 Issues submitted for discussion at the stakeholder meeting 21 October 2008
15.10.2008 Commission adopts amendments to mitigate consequences of financial turmoil
10.10.2008 New Commission Study "Evaluation of Thresholds for Micro-Entities" is now available
29.09.2008 McCreevy announces major initiatives on accounting rules for small businesses (MEMO/08/589)
23.07.2008
 
The European Financial reporting Advisory Group has published a consultation document describing enhancements to EFRAG's governance. Comments can be submitted until 22 September
26.06.2008 Commission refers France to Court of Justice over restrictions on provision of services by networks of audit firms (IP/08/1035)
18.06.2008 Authorities responsible for regulation of public companies announce next steps regarding the creation of a group to interact with the international accounting standards committee foundation (IP/08/966)
17.06.2008 Commission services Effect Study in relation to the endorsement of the interpretation IFRIC 12 Service Concession Arrangements:
  Commission services Effect Study in relation to the endorsement of the interpretation IFRIC 13 Customer Loyalty Programmes PDFEnglish
  Commission services Effect Study in relation to the endorsement of IAS 1 Presentation of Financial Statements PDFEnglish
  Commission services Effect Study in relation to the endorsement of IFRIC 14 IAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction PDFEnglish
11.06.2008 Commission proposals regarding third country GAAPs in the EU as from 2009 PDFEnglishEnglish
22.05.2008 Commission services Effect Study in relation to the endorsement of revised IAS 23 Borrowing Costs:
24.04.2008 Commission´s report on the operation of the IAS Regulation PDF - 27 KBEnglish
with subsequent corrections regarding the use of the regulatory options in Finland and Lithuania (from 12 June 2008) PDF - 27 KBEnglish
22.04.2008 Commission Services report on convergence efforts of key partner countries
17.04.2008 Simplifying the business environment for companies: Proposal for fast track modifications in the area of accounting with impact assessment
25.02.2008 Updated table describing the use of options of the IAS Regulation by Member States and EEA Countries
08.01.2008 Responses to IFRS 8 Operating Segments public consultations.
In the context of the endorsement of IFRS 8 Operating Segments the Commission Services carried out an "Analysis of potential effects". Part of the analysis was a public consultation based on 3 questionnaires. The responses to the questionnaires can be downloaded via the following table.
08.01.2008 Commission adopts an "equivalence mechanism" in relation to third country GAAPs
  • Press release (IP/08/20)
  • More information PDFEnglish
  • Commission Regulation establishing a mechanism for the determination of equivalence of accounting standards
    PDF - 120 KBČeštinaDanskDeutschEesti keelελληνικάEnglishEspañolFrançaisItalianoLatviešu valodaLietuviµ kalbaMagyarMtNederlandsPolskiPortuguêsSlovenčinaSlovenščinaSuomiSvenska
2007
07.12.2007 The Commission Services are carrying out two Effect Studies in relation to the endorsement of revised IAS 23 Borrowing Costs and IFRIC 12 Service Concession Arrangements. As part of this analysis a public consultation is taking place for which two questionnaires have been issued. The questionnaires can be downloaded here (deadline for comments is 25 January 2008).
  • IAS 23 questionnaire PDFEnglish
  • IFRIC 12 questionnaire PDFEnglish
22.11.2007 Commission publishes Regulation adopting IFRS 8
16.11.2007 Commissioner Charlie McCreevy welcomes the US Securities and Exchange Commission's move to end reconciliation to US GAAP (IP/07/1705)
10.09.2007 Endorsement of IFRS 8 Operating Segments - Analysis of Potential Effects - Report PDF - 35 KBEnglish
17.08.2007 The Commission published the call for tender on evaluation of the application of IFRS in the 2006 financial statements of EU companies within the scope of the IAS Regulation. The deadline for receipt of tenders or requests to participate is 28 September 2007.
12.07.2007 Commission sets out vision for simplifying EU rules on company law, accounting and auditing (IP/07/1087)
06.07.2007 Commission adopts first report to the European Securities Committee and to the European Parliament on convergence between International Financial Reporting Standards (IFRS) and third country national Generally Accepted Accounting Principles (GAAPs)
12.06.2007 To get further detailed input on the question of cost-benefit ratio and usefulness of the information provided by a potential adoption of IFRS 8 the Commission prepared two additional specific questionnaires, one for preparers (companies) of accounts and one for users (investors). The Commission expects comments by no later than 29 June 2007 PDF - 35 KBEnglishEnglish
04.06.2007 In connection with the adoption of IFRS 8 Operating Segments the Commission, as agreed with the European Parliament, is carrying out an impact analysis. As part of this analysis a public consultation is taking place for which a questionnaire has been issued. The questionnaire can be downloaded here (deadline for comments is 29 June 2007) PDF - 35 KBEnglish
02.06.2007 Commission publishes two Regulations, adopting IFRIC 10 and adopting IFRIC 11
08.02.2007 Commission appoints members of the Standards Advice Review Group (IP/07/163)
2006
25.10.2006 Commission presents its draft proposal for postponement of the equivalence decision
08.09.2006 Commission publishes Regulation adopting IFRIC 8 and IFRIC 9
03.08.2006 Press release: Commissioner McCreevy welcomes CESR-SEC Work Plan for cooperation between EU and US regulators on enforcement of IFRS (IP/06/1085)
  Commission publishes call for applications for members of the Standards Advice Review Group
17.07.2006 New Commission expert group to ensure balanced advice on accounting standards (IP/06/1001)
02.06.2006 Report on impacts of raised thresholds defining SMEs 2005
11.05.2006 Commission publishes Regulation adopting Amendment to IAS 21 and IFRIC 7
24.04.2006 Commission presents its draft proposal for postponement of the equivalence decision between IFRS and US GAAP, Japanese GAAP and Canadian GAAP for two years. The final decision is subject to approval of the EU Member States and the European Parliament.
23.03.2006 Press Release: Commission and European Financial Reporting Advisory Group (EFRAG) agree future working relationship
27.02.2006 Press Release: Commissioner McCreevy welcomes work programme for convergence between EU and US standards
27.01.2006 Commission publishes Regulation adopting IFRS 7, Amendment to IAS 1, Amendment to IFRS 4 and IAS 39, Amendment to IFRS 1, and IFRIC 6
2005
23.12.2005 Commission publishes Regulation adopting Amendment to IAS 39 Cash flow hedge accounting of forecast intragroup transactions
06.12.2005 Commission and Accounting Regulatory Committee (ARC) approve standard formulation for compliance with International Financial Reporting Standards as adopted by the EU
01.12.2005 Commission and ARC provides important information for companies with December year
13.10.2005 Commission closes case against Italy on accounting rules for professional sports clubs (“Salva-Calcio”)
22.04.2005 Agreement with the Securities & Exchange Commission (SEC)
10.03.2005 Commission's response to changes proposed to the Constitution of the International Accounting Standards Committee Foundation (IASCF)
16.02.2005 IAS - Endorsement advice by EFRAG
20.01.2005 Committees at EU level - Accounting Regulatory Committee
03.01.2005
2004
20.12.2004 Europe will move to accounting rules for stock options for about 8000 listed European companies
09.12.2004 IAS 39 - Commission Regulation (EC) 2086/2004
07.12.2004 Accounting Regulatory Committee - Meeting of 20.12.2004
19.11.2004 Accounting standards: Commission endorses IAS 39
28.10.2004 Accounting Regulatory Committee - Meeting of 30.11.2004
27.10.2004 Synthesis of the consultation on board responsibilities and improving financial and corporate governance information
05.10.2004 EU Accounting Regulatory Committee Opinion on IAS 39
28.09.2004 IAS 39 State of play
07.07.2004 Commission asks Italy to change its rules on accounting by professional sports clubs ('Salva calcio')
26.04.2004 Consultation on board responsibilities and improving financial and corporate governance information
02.03.2004 Accounting Regulatory Committee - Meeting of 3.2.2004
2002 – 2003
11.11.2003 Commission probes measures for professional sports clubs in Italy ("Salva calcio")
13.05.2003 Commission welcomes adoption of Directive partially exempting more SMEs from financial reporting rules
06.05.2003 Commission welcomes adoption of Directive to modernise and update accounting rules
24.01.2003 Commission proposes to increase the financial thresholds of small and medium sized enterprises
14.01.2003 Commission welcomes Parliament's support for modernised accounting rules
03.06.2002 Commission proposes to update accounting rules for the 21st century
18.04.2002 Commission services publish analysis of repercussions of Enron collapse
1997 – 2001
11.06.2001 Commission issues Recommendation on environmental issues in companies' annual accounts and reports
31.05.2001 Commission welcomes adoption of fair value accounting Directive
25.02.2000 Commission proposes introduction of fair value accounting
09.02.1999 Commission proposes to adapt definition of small and medium sized enterprises
29.01.1998 Commission publishes practical guidelines on preparing financial information systems for the euro
22.01.1998 Interpretative Communication concerning Directives on annual and consolidated accounts
20.06.1997 Commission publishes guidelines for the introduction of the euro

Last update: 04.11.2011