International Accounting Standards Board (IASB)

G7 backs FSF recommendations

Central bank governors and finance ministers from seven of the world's leading economies have welcomed the Financial Stability Forum's (FSF) regulatory response to the credit crunch and are set to implement several of its recommendations by the end of…

Work on converging accounting standards must go on

According to this article by Tommaso Padoa-Schioppa, published Friday 19 May, convergence between IASB and US standards is just one step on the road towards high quality, understandable and enforce-able global accounting standards.