Commentary: G-20 leaders must commit to IFRS

Michael Izza, CEO of the Institute of Chartered Accountants in England and Wales, writes that leaders at the Group of 20 summit in London have the opportunity to help make the financial markets more sustainable and transparent. Izza argues that it is critical that the G-20 leaders make International Financial Reporting Standards the global accounting language. "Failing to grab this opportunity will hamper comparability and reduce transparency -- equivalent to shooting a future global sustainable economy in the foot," he writes.

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