Table 5 provides descriptive statistics,means, medians, standard deviations,
and ranges of EU and EEA member states' implementation
choices under the EU's IAS Regulation. The largest (smallest) standard
deviation exists with respect to the single entity accounts of private
financial firms (consolidated accounts of private non-financial firms),
indicating the smallest (largest) uniformity of implementation elections
among EU and EEA member countries with respect to these two
options. As indicated by the largest (smallest) mean values of any of
the IFRS implementation choices for the consolidated accounts of private
financial firms (annual accounts of private non-financial firms),
EU and EEA member countries as a group are most (least) likely to
require IFRS for these particular contexts.