Europe must come together for global standard, FEE

Europe needs to be more co-ordinated in its approach to the global convergence project if it is to have any effective input, says a new report by the Fédération des Experts Comptables Européens (FEE), which represents accountancy profession organisations throughout Europe. The report said a similar co-ordinated approach is needed to eliminate reconciliation requirements for European companies listed in the US to provide IFRS and US GAAP compliant accounts.