BusinessCompany NewsASB to rule on IAS39 adoption

ASB to rule on IAS39 adoption

The UK Accounting Standards Board is today expected to announce whether UK listed companies have to adopt the full set of new international financial reporting rules.

Link: EU approves diluted IAS39 rule

ASB board members met last Thursday to discuss full adoption of the rules, according to The Financial Times.

It?s expected the board will require companies to adopt in full the updated version of IAS39.

Under a ruling by the European Commission all publicly listed companies in the European Union must adopt international financial reporting standards by 2005.

But one standard in particular, IAS39 – which requires companies to account for derivatives at market value – is strongly opposed by some business leaders because of the volatility it will cause in the accounts.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor