EU scrutinizes IASB proposal to overhaul fair-value rules

11/11/2009 | Financial Times (tiered subscription model)

Officials from the European Commission sent a letter to the International Accounting Standards Board warning that its proposed overhaul of fair-value accounting rules could result in greater volatility in banks' accounts. Jorgen Holmquist, the commission's director general of internal markets, urged the IASB to consider changes to its proposal. "It would seem that the current draft may not yet have struck the right balance between 'fair-value' accounting and 'amortized-cost' accounting," Holmquist wrote in the letter.

View Full Article in:

Financial Times (tiered subscription model)

Published in Brief: