Non-IFRS financial statements by International Financial Securities Regulatory Commission

Because some companies have limited liability, the protection of shareholders, members and third parties dealing with these companies is of special importance. With the Accounting Directive, Member States are given direction on the reporting by such companies.

The Directive addresses the presentation and content of the annual or consolidated financial statements, of the management reports, of the measurement bases used and of publication. With this shared set of principles, non-IFRS financial statements in the EU are not only of high quality, but also comparable to a great extent.

The International Financial Securities Regulatory Commission was established to promote investor confidence in the securities and capital markets by providing more structure and government oversight.