Monday, June 14, 2010

IFRS for SMEs incompatible with EU directives: EFRAG


Accounting body releases outcome of investigation

The EU’s chief accounting body has found new international accounting rules aimed at more than 90% of businesses are incompatible with EU directives.

The European Financial Reporting Advisory Group this week released the outcome of its investigation into the compatability of international accounting rules for small and medium sized businesses (SME).
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