Information

Tender reference number	MARKT/2013/039/F.
Title	10 years after the take-off: taking stock and assessing the effects of using international financial reporting standards (IFRSs) in the EU.
Description	The subject matter of the contract is to provide the European Commission with a general analysis of the impacts of 8 years of use of international financial reporting standards (IFRSs) in the EU for preparers and users of financial statements from the private sector. The study will include an overall assessment of whether the Regulation 1606/2002 of the European Parliament and the Council ('IAS Regulation') has met the two-fold initial objectives of ensuring a high degree of transparency and comparability of the financial statements of European companies and an efficient functioning of the market, in comparison with the situation before IFRS implementation in 2005. It will also include a cost-benefit analysis and an assessment and analysis of the benefits and drawbacks brought by the IAS Regulation for different stakeholder groups.The study will support DG MARKT's objective to proceed with the evaluation of the IAS Regulation, to assess whether the implementation of the IFRSs in the EU has provided the expected benefits. It will determine whether the initial objectives of the IAS Regulation are still relevant and it will identify areas for improvement, if needed.
Contract type	Services
Procedure type	Open procedure
Status	Closed
Published on TED
Award method	N/A

Milestones

TED publication date	21/06/2013 00:00
Time limit for receipt of requests for documents or accessing documents	N/A
Question deadline	N/A
Answer deadline	N/A
Time limit for receipt of tenders	13/09/2013 23:59
Conditions for opening tenders (date)	26/09/2013 10:00

Lots

The call for tenders has no lots.

Notices

Reference	Notice type	Publication date
2013/S 119-202159	Contract notice	21/06/2013 00:00