The International Financial Reporting Standards Foundation, overseer of the International Accounting Standards Board, has begun studying implementation and enforcement of IFRS. "It is clear that the risk of improper application around the world can never be a reason to not pursue global accounting standards," IASB Chairman Hans Hoogervorst said. "Even an unevenly applied global standard provides much more global comparability than an equally unevenly applied multitude of diverging national standards. Indeed, the existence of a common language helps bringing problems to light."

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