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Accounting in the EU

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In the fields of accounting, the European Commission's work is directed towards: improving the quality, comparability and transparency of the financial information provided by companies and ensuring the compatibility between the Accounting Directives and International Financial Reporting Standards. The Commission also co-operates closely with international bodies: International Accounting Standards Board (IASB), International Federation of Accountants (IFAC), OECD, World Bank, UNCTAD, etc.

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