IASB relents on reclassification

14 Oct 2008

Under pressure from EU governments, the International Accounting Standards Board has agreed to allow reclassification of financial assets from fair value to cost accounting in rare circumstances. The move brings International Financial Reporting Standards into line with US GAAP. EuroWeek finds out what it means for investors.

Chris Dammers, +44 20 7440 6043

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