Multiple Choice
Some Member States (notably France & Belgium) prohibit companies from preparing individual accounts compliant with IAS / IFRS.Why is this so?
A) There is a strong correlation between accounting profit and taxable profit in those countries
B) They do not wish to burden enterprise with additional levels of bureaucracy
C) They believe compliance should be voluntary
D) They wish to wait until there is complete harmonization before complying with IFRS
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The International Accounting Standards Committee is the
Q2: An EU Directive is a binding agreement
Q3: When the IASB issues standards and interpretations
Q4: The role of the European Financial Reporting
Q5: The period allowed for commentary on an
Q6: 'Harmonization' applies the imposition of a rigid
Q7: The 7<sup>th</sup> directive extended the 4<sup>th</sup> Directive
Q8: In which year did it become mandatory
Q10: For any particular topic,it is not possible