somes

Evaluation of International Accounting Standards and Governance

Summary

This resolution evaluates the use of international accounting standards in the EU and calls for better alignment with European legal principles and increased transparency in standard-setting bodies.
10 07.06.2016
Other
economy
finance
taxation
public administration
business and competition

Key points

  • Evaluation of the ten-year implementation of international accounting standards within the European Union.
  • The need to ensure that international standards do not contradict European legal requirements, such as the principle of providing a true and fair view.
  • A call for increased transparency, independence, and public accountability within private standard-setting bodies like the IFRS Foundation.
  • The importance of reducing the complexity of accounting rules to better support small and medium-sized enterprises (SMEs).
Documents (PDFs)
REPORT on International Accounting Standards (IAS) evaluation and the activities of the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG) and the Public Interest Oversight Board (PIOB) International Accounting Standards (IAS) evaluation
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.