The IFRS Foundation has today published a Staff Paper that provides a perspective from the staff on some of the main issues highlighted in the consultation questionnaire that has been issued by the European Commission on the use of IFRS in the European Union. The purpose of the Staff Paper is to contribute to the debate about the extent to which the adoption of IFRS has improved the efficiency of EU capital markets by increasing the transparency and comparability of financial statements.
The Staff Paper is available to download from here.
The EU consultation is available on the European Commission’s website.
The IFRS Foundation encourages all interested parties to respond to the European Commission’s consultation. The deadline for responses is 31 October 2014.