H&M says in its accounting policies that it uses IFRS as issued by the IASB for its

Question:

H&M says in its accounting policies that it uses IFRS as issued by the IASB for its consolidated accounts and, since its parent company is a company within the EU, only IFRS as approved by the EU are used in its What difference does it make whether or not the are prepared according to full IFRS or IFRS as approved by the EU? Why does the EU insist on having a veto power over IFRS?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...