LUX » Topics » Accounting Changes and Error Corrections-a replacement of APB Opinion No. 20 and FASB Statement No. 3

This excerpt taken from the LUX 20-F filed Jun 28, 2006.
Accounting Changes and Error Corrections—a replacement of APB Opinion No. 20 and FASB Statement No. 3 (“SFAS 154”). SFAS 154 applies to all voluntary changes in accounting principles and changes required by accounting pronouncements in instances where the pronouncement does not include specific transition provisions. This Statement replaces APB No. 20,
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