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Press Release PS Financial Reporting 00717.pdf

Press_Release_PS_Financial_Reporting_090717287200920108.pdf

Preview of Press Release PS Financial Reporting 00717

🔗 Source: accountancyeurope.eu

📊 Size: 31 KB

👤 Author: Stephanie

⬇️ Downloads: 68

Summary

FEE calls for a new approach to setting global financial reporting standards, stating that convergence should no longer be a key driver. The IASB's convergence strategy has delivered good results, but FEE believes that further convergence will lead to diminished returns due to increased complexity without additional benefits to investors. Instead, the IASB should focus on major improvements and simplifications in IFRS, working with standard-setting bodies worldwide to ensure high-quality standards. FEE advocates for a single independent global standard setter for accounting and corporate reporting, delivering high-quality financial information.

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Description

FEE calls for a new approach to setting global financial reporting standards, stating that convergence should no longer be a key driver.

Technical Information

File Format: PDF
File Size: 31 KB
Pages: 2
Language: EN
Author: Stephanie
Total Downloads: 68
Last Updated: 1 month ago

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