|
|
19 Jun 2008
France’s finance minister Christine Lagarde has said she would like to see amendments to international accounting standards on mark-to-market rules.
Her comments were made in an interview with the Financial Times and come just weeks before France takes up its EU presidency on 1st July.
Lagarde is to meet City financiers later today to discuss measures to help restore financial stability.
The French are amongst the most vociferous critics of fair value rules. There has been intense debate around the accounting in recent months, with some claiming the rules have accentuated downward spirals in asset values.
The International Accounting Standards Board said it was unable to comment about Lagarde’s controversial remarks.
However, it confirmed that its expert advisory panel, which includes the Big Four and major investment banks, met for the first time last week to discuss issues such as valuations in an 'illiquid' market.
The IASB believes that opposition to fair value is localised and is reluctant to bow to pressure to make changes.
Further Reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment