The Association for Chartered Certified Accountants has called on world
leaders to throw their weight behind international financial reporting standards
at the G20 summit next month.
In a discussion paper, ACCA president Richard Aitken-Davies says the G20
needs to better promote the adoption of International Financial Reporting
Standards by all of its members.
“It is a major failing that IFRS are not already the global accounting
language for all finance professionals,” Aitken-Davies says.
But he cautioned against rushing to implement ‘over-prescribed’ legislation,
stressing that existing regulatory measures must take priority.
Read the ACCA report:
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