CESR report on “Equivalence” of Canadian, Japanese and US GAAP

The Committee of European Securities Regulators (CESR) has published a report that responds to a request from the European Commission. The report CESR's advice to the European Commission on the work programmes of the Canadian, Japanese and US standard setters, the definition of equivalence and the list of third country GAAPs currently used on the EU capital markets is available on the CESR website.