Keegan: Keep politics out of accounting

Link: Profession welcomes extension of IFRS

ASB chairman Mary Keegan said: ‘We have been mercifully free of political intervention in standard-setting in the UK. In Europe we must remember the aim is financial reporting standards acceptable to the global markets. I hope politicians focus on that.’

The details of a final exposure draft on financial instruments standards IAS 32 & 39 are to be finalised at an IASB meeting in London this week.

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