Activities of Barbara KAPPEL related to 2016/2006(INI)
Plenary speeches (1)
International Accounting Standards (IAS) evaluation (A8-0172/2016 - Theodor Dumitru Stolojan) DE
Shadow reports (1)
REPORT on International Accounting Standards (IAS) evaluation and the activities of the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG) and the Public Interest Oversight Board (PIOB) PDF (341 KB) DOC (145 KB)
Amendments (5)
Amendment 21 #
Motion for a resolution
Recital D a (new)
Recital D a (new)
Da. whereas the September 2002 Norwalk Agreement between the IASB and the US Financial Accounting Standards Board (FASB) proposed that there should be convergence between the two standard setters;
Amendment 49 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Points out that the International Organisation of Securities Commissions (IOSCO) represents more than 192 securities regulators, encompassing 95% of the global securities market, some of which already use the IFRS accounting methods identified by the IASB; points out that IOSCO has put it on record that, with regard to the international capital market, the IFRS are regarded as the most suitable financial reporting standards;
Amendment 51 #
Motion for a resolution
Paragraph 3 b (new)
Paragraph 3 b (new)
3b. Welcomes the IFRS and IOSCO protocols on enhanced cooperation in view of the key issues, identified by the G20, concerning regulation of securities markets; regards that cooperation as necessary in order to meet the need for high-quality global accounting standards and to encourage application of consistent standards across varying national settings;
Amendment 52 #
Motion for a resolution
Paragraph 3 c (new)
Paragraph 3 c (new)
3c. Is convinced that the exchange of information between the IASB and ISOCO on growing IFRS usage should be viewed not only as a stocktaking exercise, but, rather, also as an opportunity to identify instances of best practice; welcomes in this regard the annual 'enforcer discussion session' introduced by IOSCO in order to inform the IASB about key implementation and enforcement issues;
Amendment 61 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Is concerned that the current review is not taking account of possible IASB expansion into public-sector financial reporting standards; is concerned that the IASB's lack of expertise and resources with regard to the not-for-profit sector is an obstacle to expanding standards;