Responses
  Closing date : 27 May. 2005  
Draft Technical advice on Equivalence of Certain third country GAAP and on description of certain third countries mechanisms of enforcement of financial information

27 Apr. 2005 - Following receipt of a mandate from the European Commission, CESR publishes today for consultation its draft technical advice on equivalence of certain third countriesí GAAP (Ref CESR/05-230), in which it finds the three third countriesí GAAP, taken as a whole, equivalent to IAS/IFRS, subject to a number of remedies (described below). As such, CESR advises that there is no need for reconciliation between Canadian GAAP, Japanese GAAP and US GAAP and IFRS. However, CESR considers that a combination of qualitative and quantitative disclosures can address the significant differences that have been identified between the respective third countriesí GAAP and IFRS, and that these measures should ensure better and more comparable information for EU investors. Finally, following the European Commissionsí request for information, the draft advice includes a description of the mechanisms in Canada, Japan and the US for the enforcement of financial information. CESRís final advice must be submitted to the European Commission by 30 June 2005. Please post your answer via the website by 27 May 2005

       
30 May. 2005Banking
Austrian Economic Chamber
30 May. 2005Banking
Canadian Bankers Association
30 May. 2005Banking
Credit Suisse Group
03 Jun. 2005Banking
E&Y
30 May. 2005Banking
Eli Lilly and Company
30 May. 2005Banking
IPMA
30 May. 2005Banking
LIBA
31 May. 2005Government regulatory & enforcement
Accounting Standards Board of Canada
02 Jun. 2005Government regulatory & enforcement
EFRAG
30 May. 2005Government regulatory & enforcement
Financial Services Agency, Japan
30 May. 2005Government regulatory & enforcement
Ministy of Economy, Trade and Industry of Japan
30 May. 2005Insurance, pension & asset management
New York Life
30 May. 2005Insurance, pension & asset management
Swiss Re
30 May. 2005Issuers
GMAC
30 May. 2005Issuers
Goldman Sachs International
30 May. 2005Issuers
Kellogg Company
30 May. 2005Issuers
Nippon Keidanren (Japan Business Federation)
30 May. 2005Legal & Accountancy
Accounting Standards Board of Japan
30 May. 2005Legal & Accountancy
AICPA Center for Public Company Audit Firms
30 May. 2005Legal & Accountancy
Deloitte Touche Tohmatsu
03 Jun. 2005Legal & Accountancy
FEE
02 Jun. 2005Legal & Accountancy
Institute of Chartered Accountants in England and Wales
16 Jun. 2005Legal & Accountancy
International Federation of Accountants
30 May. 2005Legal & Accountancy
KPMG IFRG Limited
30 May. 2005Legal & Accountancy
PricewaterhouseCoopers
30 May. 2005Legal & Accountancy
The Japanese Institute of Certified Public Accountants
28 Jun. 2005Others
Financial Executives International's (FEI) Committees on Corporate Reporting and Globalization Oversight
30 May. 2005Regulated markets, exchanges & trading systems
London Stock Exchange
30 May. 2005Regulated markets, exchanges & trading systems
Luxembourg Stock Exchange