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Impacts of International Financial Reporting Standards on business statistics
Addressing the impacts of International Financial Reporting Standards on the National Accounts
Author: Dave Hobbs
Economic Trends, no No. 623, pp 42-44. ISSN: 0013-0400
Companies listed on EU stock exchanges must produce consolidated financial statements using a new set of International Financial Reporting Standards (IFRS). These new standards differ from existing UK accounting standards (UK GAAP).
This article outlines the work ONS has undertaken to address the potential impact on business statistics of this new accounting development.
Published in web format: 17 October 2005 at 9:30 am
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