Irish Industry calls for Specific Investment Funds Financial Reporting Standards
02/02/2010

Responding to the Accounting Standards Board’s (ASB) policy proposal regarding the future of UK/Irish GAAP, the Irish Industry has proposed the development of a set of discrete financial reporting standards for Investment Funds/Investment Companies. Highlighting the shortcomings of current and converging financial reporting standards for Investment Funds/Investment Companies, the Industry has proposed adapting the IFRS framework for Investment Funds/Investment Companies to develop a global framework and provide more meaningful and appropriate information for the users of Investment Funds/Investment Companies financial statements.

Below is the Industry response to the ASB’s consultation document.

View IFIA response to the ASB's consultation