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 EU. Companies contacted by the FT say they intend to use the so-called IFRS 9 rules as “proforma” accounts for 2010 and may begin to prepare the numbers for internal use this year-end. Multinationals, particularly in the UK, have been angered by the EU’s delay which they say will be put them at a competitive disadvantage.

This entry was posted by Gwen Robinson on Thursday, November 26th, 2009 at 5:03 and is filed under Capital markets. Tagged with IASB. Edit this entry.