IASB - Financial Crisis Advisory Group letter to G-20

The Financial Crisis Advisory Group (FCAG), an independent advisory body to the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) has issued the a letter to G-20 participants. The letter states that: “Although conditions may have improved somewhat in various markets around the globe, the FCAG believes it remains critically important to achieve a single set of high quality, globally converged financial reporting standards that provide consistent, unbiased, transparent and relevant information across geographical boundaries.” (Read the January 4, 2010 letter by the FCAG to the G-20 participants.)