IFRS Publications

• IFRS: Tax implications for the EU financial services industry – are you ready?

It is now almost two years since the date (1 January 2005) from which EU-listed companies were first required to prepare their consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). Indeed, the second phase of the consolidation of accounting practice across listed companies within the EU (the convergence of the domestic GAAP in the various EU territories with the principles of IFRS) is now under way in some territories

• International Financial Reporting Standards - Similarities and Differences - IFRS and Luxembourg Banking GAAP

This publication provides a means by which credit institutions established in Luxembourg can quickly identify key similarities and differences between IFRS and the Luxembourg regulatory and accounting framework for credit institutions, based on the Law of 17 June 1992 as amended relating to the annual and consolidated accounts of credit institutions, the "Recueil des Instructions aux Banques" and Circulars issued by the Commission de Surveillance du Secteur Financier.

• International Financial Reporting Standards - Similarities and Differences - IFRS and Luxembourg GAAP

This publication provides a means by which companies can quickly identify key similarities and differences between IFRS and Luxembourg GAAP. It has been updated in October 2004 and contains updated IFRS information until 30 June 2004

• IAS 39 – Achieving hedge accounting in practice

Many companies have now largely completed their transition to International Financial Reporting Standards (IFRS). One of the most challenging standards for many of those companies to understand and apply is IAS 39 on financial instruments.