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Committee of European Securities Regulators: CESR gathers international supervisors to discuss worldwide enforcement of IFRS

( December 7, 2009, 11:38 GMT | Official Statement) -- Extract: CESR also aims to facilitate communication among enforcers around the world, thus contributing to the consistent application of IFRS. Strong enforcement of IFRS is also important in understanding the possible impact of the financial crisis on the financial performance of companies.Enforcers of IFRS from 33 countries, representatives from the International Accountings Standards Board and auditors met for the first time at CESR offices in Paris on 3 and 4 December 2009 to discuss enforcement of International Financial Reporting Standards (IFRS) and enforcement decisions taken around the world. Participants included staff from the European Economic Area (EEA), and representatives of ten IFRS enforcers from other countries, such as Brazil, China, Egypt, India, Japan, Mexico, South Africa, Turkey, Switzerland and the USA....

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