Financial Reporting: Progress on the Convergence Roadmap

The European accounting profession echoes the sentiment expressed at the official opening of its offices by European Commissioner Charlie McCreevy (pictured opposite) regarding the importance of IFRS for the European Union and the necessity on making progress on the Roadmap towards equivalence between International Financial Reporting Standards (IFRS) and US GAAP.

Looking to move the policy debate forward, on Thursday, 1 December 2005, the European Federation of Accountants (FEE) will organise a Seminar on IFRS Convergence and Consistency. The seminar, to be held in Brussels, will address progress on the convergence Roadmap. Consistent application of IFRS in Europe will also be discussed.

European Commissioner Charlie McCreevy, Sir David Tweedie (IASB Chairman) and Michael Crooch (FASB Board Member) will participate at the high level event and there will be input from, amongst others, the SEC and CESR.

The programme will be available at the end of October. Those interested in attending the Seminar should send their details (name, title and organisation represented) to Elizabeth Fox ([email protected], fax: +32 2 231 11 12).

Related files:

 1 December 2005 – Official Announcement
 Commissioner McCreevy‘s Speech
 FEE Press Release – Financial Reporting: Progress on the Convergence Roadmap