QCA Response to European Commission - Impact of IFRS in the EU

3rd November 2014

Email a Friend

Our Financial Reporting Expert Group contributed to our response to the European Commission public consultation on the Impact of International Financial Reporting Standards (IFRS) in the EU. We noted that the adoption of IFRS by the EU has encouraged wider adoption of IFRS and assisted the move towards establishing a set of globally accepted high-quality standards. We argued that small companies listed on regulated markets should have the choice to use IFRS for SMEs or full IFRS, rather than having to use full IFRS as at present. We highlighted our concern about the increasing length of their annual reports and accounts as a function of increased disclosure both in the narrative and financial statement, which could result in annual reports and accounts becoming less clear.

Click here to download the response (pdf)

Join Now

  • Gain access to investors
  • Benefit from our campaigns on key policy issues
  • Receive discounts on best practice guides
  • Connect with other members of the sector at our events
  • Stay ahead of the issues with up-to-date news and information
Join now

Newsround

Newsround is the QCA's monthly newsletter produced for the small and mid-cap community.

Sign up