Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-23-Speech-4-161"
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"en.20081023.21.4-161"2
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"The International Financial Accounting Standards (IFRS) are a sound basis on which to unify accounting standards across the world. Generalised use of globally accepted accounting standards will improve the transparency and comparability of financial reports. The benefits will be felt by enterprises and investors alike. The United States only recognises financial reports prepared on the basis of the IFRS in the version issued by the International Accounting Standards Board (IAS). The United States has, however, indicated that, for a transitional period, it is prepared to accept financial reports prepared on the basis of the IFRS in the version adopted in the framework of Regulation EC No. 1606/2002 without requiring them to be adjusted."@en1
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