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European Union - Wikipedia.

The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. An internal single market has been established through a standardised system of laws that apply in all member states in those matters, and only those matters, where the states have agreed to act as one. EU policies aim to ensure the free movement of people, ....

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In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.Reconciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period..

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International Accounting Standards - SEC.

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