IASC global drive.

The battle over global accountancy standards gathered pace this week with the publication of a letter from the International Accounting Standards Committee in response to a US Securities and Exchange Commission concept release. The letter, submitted by IASC chairman Stig Enevoldsen, chairman-elect Tom Jones and secretary-general Sir Bryan Carsberg, said international standards should now be accepted for use in cross-border listings in the US, without reconciliation to results under US GAAP.

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