regul ec european parliament council juli applic intern account standard european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion econom social committe act accord procedur laid articl treati lisbon european council march emphasis acceler complet intern market financi servic set deadlin implement commiss financi servic action plan urg step enhanc compar financi statement prepar publicli trade compani order contribut function intern market publicli trade compani requir appli singl set high qualiti intern account standard prepar consolid financi statement import financi report standard appli commun compani particip financi market accept internation global standard impli increas converg account standard internation ultim object achiev singl set global account standard council direct eec juli annual account type compani council direct eec june consolid account council direct eec decemb annual account consolid account bank financi institut council direct eec decemb annual account consolid account insur compani address publicli trade commun compani report requir set direct ensur high level transpar compar financi report publicli trade commun compani condit build integr capit market oper effect smoothli effici supplement legal framework applic publicli trade compani regul aim contribut effici cost effect function capit market protect investor mainten confid financi market import aspect complet intern market area regul reinforc freedom movement capit intern market help enabl commun compani compet equal foot financi resourc commun capit market world capit market import competit commun capit market achiev converg standard europ prepar financi statement intern account standard global cross border transact list world june commiss publish commun quot eu financi report strategi forward quot propos publicli trade commun compani prepar consolid financi statement accord singl set account standard intern account standard ia latest intern account standard iass develop intern account standard committe iasc purpos develop singl set global account standard restructur iasc board april decis renam iasc intern account standard board iasb futur intern account standard concern renam ia intern financi report standard ifr standard provid ensur high degre transpar compar financi report commun made obligatori publicli trade commun compani measur implement regul adopt accord council decis ec june lai procedur exercis implement power confer commiss due regard declar made commiss european parliament februari implement financi servic legisl adopt intern account standard applic commun firstli meet basic requir aforement council direct applic result true fair view financi posit perform enterpris principl consid light council direct impli strict conform provis direct accord conclus council juli conduc european public good lastli meet basic criteria qualiti inform requir financi statement user account technic committe provid support expertis commiss assess intern account standard endors mechan act expediti propos intern account standard mean deliber reflect exchang inform intern account standard main parti concern nation account standard setter supervisor field secur bank insur central bank includ ecb account profess user prepar account mechan mean foster common understand adopt intern account standard commun accord principl proportion measur provid regul requir singl set intern account standard appli publicli trade compani achiev object contribut effici cost effect function commun capit market complet intern market accord principl annual account leav member state option permit requir publicli trade compani prepar conform intern account standard adopt accord procedur laid regul member state decid extend permiss requir compani prepar consolid account annual account order facilit exchang view member state coordin posit commiss period inform account regulatori committe activ project discuss paper point outlin exposur draft issu iasb consequenti technic work account technic committe import account regulatori committe inform earli stage commiss intend propos adopt intern account standard deliber elabor posit document paper issu iasb process develop intern account standard ifr sic ifric commiss account import avoid competit disadvantag european compani oper global marketplac maximum extent view express deleg account regulatori committe commiss repres constitu bodi iasb proper rigor enforc regim kei underpin investor confid financi market member state virtu articl treati requir measur ensur complianc intern account standard commiss intend liais member state notabl committe european secur regul cesr develop common approach enforc member state defer applic provis compani publicli trade commun regul countri market appli set internation accept standard primari basi consolid account compani publicli trade debt secur nonetheless crucial latest singl set global intern account standard ia appli commun compani publicli trade commun regul market order member state compani carri adapt make applic intern account standard appli provis provis put place time applic ia compani result entri forc present regul provis drawn intern level order ensur intern recognit solut adopt adopt regul articl aim regul object adopt intern account standard commun view harmonis financi inform present compani refer articl order ensur high degre transpar compar financi statement effici function commun capit market intern market articl definit purpos regul quot intern account standard quot intern account standard ia intern financi report standard ifr relat interpret sic ifric interpret subsequ amend standard relat interpret futur standard relat interpret issu adopt intern account standard board iasb articl adopt intern account standard accord procedur laid articl commiss decid applic commun intern account standard intern account standard adopt contrari principl set articl direct eec articl direct eec conduc european public good meet criteria understand relev reliabl compar requir financi inform need make econom decis assess stewardship manag latest decemb commiss accord procedur laid articl decid applic commun intern account standard exist entri forc regul adopt intern account standard publish full offici languag commun commiss regul offici journal european commun articl consolid account publicli trade compani financi year start januari compani govern law member state prepar consolid account conform intern account standard adopt accord procedur laid articl balanc sheet date secur admit trade regul market member state mean articl council direct eec invest servic secur field articl option respect annual account publicli trade compani member state permit requir compani refer articl prepar annual account compani refer articl prepar consolid account annual account conform intern account standard adopt accord procedur laid articl articl committe procedur commiss assist account regulatori committe hereinaft refer quot committe quot refer made paragraph articl decis ec appli regard provis articl thereof period laid articl decis ec set month committe adopt rule procedur articl report coordin commiss liais regular basi committe statu activ iasb project relat document issu iasb order coordin posit facilit discuss adopt standard result project document commiss duli report committe time manner intend propos adopt standard articl notif member state measur virtu articl immedi commun commiss member state articl transit provis derog articl member state provid requir articl appli financi year start januari compani debt secur admit regul market member state mean articl direct eec secur admit public trade member state purpos internation accept standard financi year start prior public regul offici journal european commun articl inform review commiss review oper regul report thereon european parliament council juli latest articl entri forc regul enter forc dai public offici journal european commun regul bind entireti directli applic member state brussel juli european parliament presid cox council presid pedersen oj oj opinion european parliament march publish offici journal decis council june oj direct amend european parliament council direct ec oj oj direct amend european parliament council direct ec oj direct amend european parliament council direct ec oj oj oj direct amend european parliament council direct ec oj