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Global Glimpses
“Global Glimpses” follows compliance, risk, and corporate governance news both in Europe and around the world. It covers developments at the International Accounting Standards Board, as well as global regulation, anti-bribery, and corruption enforcement, along with other compliance developments abroad. Global Glimpses is written by contributor Paul Hodgson. Hodgson welcomes questions, comments, and statements from readers on global issues and will address them here when appropriate. Readers can contact him at paul.hodgson@complianceweek.com.
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Global Glimpses Blog
Board Urges EU Not to Tailor International Accounting Standards
Roberta Holland | October 29, 2014
HoogervorstOct. 29—The heads of two groups charged with overseeing the International Financial Reporting Standards have told the European Commission that using the single set of financial reporting standards has benefited the European Union and will continue to do so. IFRS Foundation Board of Trustees Chairman Michel Prada and International Accounting Standards Board Chairman Hans Hoogervorst (left) also urged the EC not to make its own modifications to the standards. The Commission’s consultation period on the use of IFRS in the European Union ends next month. More inside.
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