alleryStart learning →From 1 January 2005, the EU required IFRS for which accounts?
ATax returns of small firms
BConsolidated listed accounts
CSole proprietors own books
DBank branch ledgers only
Answer & Solution
Correct answer: B. Consolidated listed accounts
The EU agreed in 2002 that IFRS would apply to consolidated accounts of listed companies from 2005.
Keep practising Accounting Standards Setting in India
Browse all Accounting Standards Setting in India questions for CA Inter, or explore more Accounting topics.
Related questions
What happens to ICAI members who do not comply with its technical standards?Which body advises the European Commission in endorsing IFRS for EU use?Which committee monitors compliance with the IASB's due process?When does a Post-implementation Review of a new IASB Standard typically begin?A final IASB Standard must be accompanied by which document?After an Exposure Draft comment period, what must the IASB do?Since 2001, new standards issued by the IASB are labelled what?Which major jurisdiction applies US GAAP rather than IFRS Standards?