Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-14-Speech-3-209"
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"en.20071114.28.3-209"2
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".
Since 2005 listed companies have been required in certain circumstances to draw up their consolidated accounts in compliance with international accounting standards. These standards were developed by a London-based private organisation (the International Accounting Standards Committee Foundation/International Accounting Standards Board) and were subsequently incorporated into Community legislation by means of a regulation.
Despite certain reservations, this resolution accepts the Commission’s proposal (amending that regulation) to endorse a standard (IFRS 8) which in turn incorporates a US standard (SFAS 131) into EU law.
This is accepted, as stated in the resolution, even though the impact assessment carried out by the Commission did not take sufficiently into account the interests of users as well as the needs of small and medium-sized enterprises located in different European countries and enterprises operating only locally.
We therefore cannot support this resolution."@en1
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