30 October 2014 — Consultation Response
In August 2014, the European Commission (EC) issued a questionnaire seeking respondents’ views on the impact of International Financial Reporting Standards (IFRS) in the European Union. The results of this public consultation will feed into the EC’s review of the IAS Regulation.
FEE supports International Standards as they enable Europe to have access to global markets and enhance the comparability, reliability and relevance of financial reporting. FEE cannot envisage any other alternative to the IFRS.
The IFRS are a robust, complete and broadly accepted set of financial standards that can effectively serve the role of global financial reporting standards.
FEE has provided written comments wherever possible, however, in some instances the comment boxes are not available based on answers from the previous questions. FEE has not responded to specific questions addressed to Users (U), Preparers (P) and Public Authorities (PA).