IASB chairman: No "fair value" revision based on EU complaints

02/1/2010 | Reuters

Recent criticism from the European Union hasn't persuaded the International Accounting Standards Board to make any new revisions to its "fair value" accounting rules, said Sir David Tweedie, the board's chairman. "We can't keep changing [the accounting rules] for one particular part of the world," he said. "... We cannot always allow Europe to tell us what to do. This is global."

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