Amendment: Regulation (EC) 1126/2008 on International Accounting Standards

This procedure updates the set of international accounting standards and interpretations that companies in the European Union must follow. By aligning EU law with the latest global standards, it ensures that financial reporting remains consistent, transparent, and comparable across international borders.

This affects companies and organizations that prepare consolidated financial statements in the EU, requiring them to apply updated rules for reporting assets, liabilities, and financial performance.