EU preparers are required to prepare their financial statements in accordance with IFRSs as adopted in the EU, and therefore can only apply accounting standards once they have been endorsed.
Although unendorsed standards and interpretations cannot be adopted in the EU, the requirements of those standards and interpretations may be applied early if they do not conflict with the requirements of any endorsed standards or interpretations.
Continue reading
This content is not freely available. To access 'EU endorsement of IFRS' you need to be one of the following:
ACA student
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
Business and Finance Professional
An internationally recognised designation and professional status from the ICAEW.
Corporate Reporting Faculty
Guiding you through the maze of new and emerging reporting requirements, ensuring you are always one step ahead..