1. Irish Company Law
  2. Legislation (IE)
  3. Acts
  4. 2014
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  1. Companies Act 2014 (No. 38)
  2. Part 6 Financial statements, annual return and audit (ss. 272-407)
  3. Chapter 1 Preliminary (ss. 272-280)
  4. 280. Regulations may permit use of other internationally recognised accounting standards for a particular transitional period
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
  Version 2 of 2    

280. Regulations may permit use of other internationally recognised accounting standards for a particular transitional period

(1) In this section "relevant financial statements" means Companies Act entity financial statements and Companies Act group financial statements.

(2) The Minister may make regulations providing for specified categories of holding companies and providing that -

(a) a true and fair view of the assets and liabilities, financial position and profit or loss of a holding company in such a category may be given by the preparation by it of its Companies Act entity financial statements for a specified number of its financial years in accordance with specified accounting standards, and

(b) a true and fair view of the assets and liabilities, financial position and profit or loss of a holding company in such a category and its subsidiary undertakings as a whole may be given by the preparation by that holding company of its Companies Act group financial statements for a specified number of its financial years in accordance with specified accounting standards.

(3) Regulations made under subsection (

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