Technical advice on equivalence of certain third country GAAP and International Financial Reporting Standards
05 Jul. 2005 - CESR publishes today its final technical advice (Ref. CESR 05-230b) for the European Commission on equivalence between Canadian, Japanese and US General Accepted Accounting Practices (GAAP) and International Accounting Standards /International Financial Reporting Standards (IAS/IFRS). CESR’s advice also includes the description of the enforcement mechanisms in place in these three third countries.