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The impending adoption by the European Union of international accounting standards is a hugely ambitious project whose success or failure cannot be judged until it “goes live” in six weeks’ time.
More than 90 countries will either require or permit their use from next year and more than 7,000 listed companies in the EU will have to move from a patchwork of national accounting regulations and publish their accounts according to standards set by the International Accounting Standards Board (IASB). The potential for confusion is immense.
Jane Fuller, the FT’s Senior Financial Writer, will answer readers’ questions on this subject on November 30. Take part in our online Q&A by sending your questions now to firstname.lastname@example.org