CRH seeks exemptions from financial reporting laws to cut €10 million in accounting costs.

CRH, an Irish building materials giant, is seeking changes to financial reporting laws to cut its annual accounting costs by over €10 million. The company is lobbying the Irish government to exempt Irish-registered companies with GAAP obligations from IFRS requirements, citing duplication of accounting costs. CRH's move to the New York Stock Exchange in 2023 led to the company having to file quarterly accounts under US GAAP in addition to annual accounts under IFRS. The company claims that the proposed change presents no tax advantage but would save over €10 million per year.