The EC's plan to adopt international accounting standards by 2005 could spell trouble
By 2005 all 7,000 companies listed on EU stock exchanges should have changed their financial reporting practices, bringing them into line with international accounting standards (IAS), and ironing out confusing differences between national standard-setters for the benefit of international investors. The move is being driven by European Commission proposals announced in February for unified accounting standards. EC internal market commissioner Frits Bolkestein hailed the move as 'the beginning
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