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EU Council Document: Commission delegated Regulation amending the mechanism for determining equivalence of accounting standards in third countries

( December 27, 2011, 04:26 GMT | Official Statement) -- MLex Summary: The European Commission proposed to prolong the period to consider the equivalence of accounting standards of countries outside the European Union until the end of 2014. The three-year extension gives more time for countries to gain recognition of their rules as they seek to converge with the International Financial Reporting Standards in force in the EU.Click the attachment at bottom for the full document:...

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