Ahern announces accounting changes

Minister for Trade and Commerce Michael Ahern yesterday announced that publicly traded companies will be free to prepare their annual accounts.

In addition, all non-traded companies will be permitted to prepare their annual and/or consolidated accounts in accordance with International Accounting Standards that have been adopted by the European Community in accordance with EU Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002.