Overseas accounting rule makers are kicking off the summer with a series of road shows across Europe to talk with members of the business community there about International Financial Reporting Standards, which are now mandatory for listed companies in all 25 member states of the European Union.
Members and staff of the International Accounting Standards Board will visit 17 European countries over the next five months to discuss the IASB's work program and priorities and to hear concerns and advice from participants from European companies, stock market analysts and other interested parties
The road shows are being organized in conjunction with national standard-setters and will focus on three areas: convergence of IFRS with national accounting standards, with a particular emphasis on U.S. generally accepted accounting principles; dialogue between the IASB and interested parties; and improvement of existing standards.
Since it began operations in 2001, the IASB has issued 22 improved or new standards.
