Tuesday, December 15, 2009

EU - CESR chairman says review of IASB governance is needed

Eddy Wymeersch, chairman of the Committee of European Securities Regulators (CESR), recently told the European Parliament's economic and monetary affairs committee that an assessment of the governance of the International Accounting Standards Board (IASB) is needed. He raised questions about the accountability of the accounting standards-setter. (Read the article EU Regulator Calls For Accounting Overhaul at The New York Times/Reuters online.)