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  • EU Economic and Social Committee endorses IAS for Europe

    Jul 26, 2001

    In response to a request from the European Council, by vote of 97 to one the EU Economic and Social Committee (ESC) has endorsed the Proposal for a Regulation of the European Parliament and of the Council that would adopt IAS in Europe by 2005. ESC concurred with an IAS "endorsement mechanism" in which the Accounting Regulatory Committee, chaired by the Commission and with representatives of all Member States, will play a critical role.

  • Major changes proposed for SIC

    Jul 24, 2001

    At its meeting with its Standards Advisory Council 23 July, IASB presented a paper that proposed major changes to the structure of the Standing Interpretations Committee (SIC).