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28 Sep 2009
The chief executive of Axa, France’s biggest insurer, has rounded on the International Accounting Standards Board claiming standard setting was too important to be left to accountants alone.
The remarks from Henri de Castries were reported in the Financial Times today.
The paper quotes de Castries saying the standard setter is accountable to no one and standards were an ‘instrument of political sovereignty’ that should not be left to accountants.
The IASB is currently some standards including the issue of fair value accounting.
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Briefings
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