IAS OVERWIEW

01 March 2003



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This section gives the timing of the steps in the legislative timetable of the co-decision procedure. This section will be up-dated as events progress.

If no agreement between Parliament and Council is reached in First Reading than there will be a Second Reading and maybe a conciliation process. For a detailed description of the co-decision process, see the Council’s explanation.

IAS Directive:
Current stage of co-decision procedure: awaiting Council Common Position
Final adoption expected: 2003

EP adopted proposal on financial reporting: January 2003(event)

(revised) Commission Proposal on IAS Directive: June, 2002 (event)

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IAS Regulation:
Current stage of co-decision procedure: finalised
REGULATION ON INTERNATIONAL ACCOUNTING STANDARDS ADOPTED: June 2002 (event)

EP adopted IAS Regulation (1st reading): March, 2002 (event)

Commission Proposal on IAS Regulation: February 13, 2001 (event)

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Fair Value Accounting Directive
Current stage of co-decision procedure: finalised
FAIR VALUE ACCOUNTING DIRECTIVE ADOPTED: May 31, 2001 (event)

EP adopted Proposal on Fair Value Accounting Directive: May 15, 2001 (event)

Commission Proposal on Fair Value Accounting Directive: February 24, 2000 (event)

© Graham Bishop