IOSCO Technical Committee Statement on Accounting Standards Development and Enforcement

The Technical Committee of the International Organization of Securities Commissions (IOSCO) recently discussed the important role of accounting standards in the context of the current financial crisis. In light of the importance of financial reporting standards to the proper functioning of the capital markets, IOSCO has come together as a community of authorities responsible for capital markets and accounting to reaffirm its commitment to the development and enforcement of high quality accounting standards. (Read the IOSCO Media Release.)