Financial Times FT.com

Companies set to defy EU accounting rule delay

By Rachel Sanderson in London, Peter Smith in Sydney and Nikki Tait in Brussels

Published: November 25 2009 20:57 | Last updated: November 25 2009 20:57

Some of Europe’s biggest multinational companies are preparing to defy moves by Brussels to delay the introduction of new global accountancy rules within the European Union.

Four companies contacted by the Financial Times say that they are looking to use the so-called IFRS 9 rules as “pro forma” accounts for 2010 and may begin to prepare the numbers for internal use for this year end.

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