FASB chairman warns about Europe's meddling in accounting rules
Robert Herz, chairman of the Financial Accounting Standards Board, says pressure from Europe on the International Accounting Standards Board could derail adoption of global accounting rules by the U.S. "The U.S. wants to make sure that the standards it uses come out of a standard setter which has the appropriate public policy objectives and is not being geared or harassed to do things in a way that is not consistent with that public policy objective," Herz said.
Accountancy Age (London) | 10/15
This story published in IFRS Report on 11/05/2009
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