The emergence of International Financial Reporting Standards (IFRS) as the required convention for reporting to stock exchanges in the European Union (EU) and other important markets, together with the convergence programmes of major standard setters, has accelerated the reduction in differences...

Highlights a number of developments in Europe that have been important in the evolution of the relationship between the rules for computing profits for tax and accounting purposes. This will assist users in their understanding of European financial reports and will highlight areas where...