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Friday, 10 February 2012
IASB Flexes Muscles
The International Accounting Standards Board has published a new strategy that it will see it take a more interventionist approach in relation to the International Accounting Standards.
The Board plans to formalise relationships with accounting regulators around the world with a view to encouraging the consistent applications of the standards.
The only precedent to date was the organisation’s intervention pointing out that banks were accounting for Greek debt in an haphazard fashion.
Risk Audit will be looking at some key accounting issues for banks during our Financial Control course on Thursday 23rd February.
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