We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Int'l Accounting Standard Progressing: EU Report

Law360 (July 12, 2007, 12:00 AM EDT) -- Though progress has been made on the initiative to reconcile European and U.S. accounting standards, a new European Commission report calls for “deeper cooperation and regular meetings” between regulators on both sides of the Atlantic.

In a report issued on Thursday, the Commission praised recent efforts by the EU, the United States, Canada and Japan to work towards a convergence of the U.S.'s Generally Accepted Accounting Principles and the International Financial Reporting Standards used in the EU.

The Commission reserved special praise for the recent U.S....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.