DB2- Accountants of the World Unite!_ Business Class - Bloomberg

S to cooperate in accounting m atters could spill ov

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: S. to cooperate in accounting m atters could spill ov er into other areas of global financial regulation w here reform s and international coordination are m uch needed. This could happen not only because accounting num bers are a m ainstay for other financial regulation, but also because the w orld’s reporting conv ergence project is one of the longest and m ost adv anced attem pts to build a global regim e. I f it w ere to fail, it w ould underm ine other efforts to create global standards, for exam ple, in banking or capital-m arket regulation. So w hat is holding the U .S. back? http://www.bloomber g .com/news/pr int/2011- 06- 24/accountants- of- the- wor ld- unite- business- class.html 1/3 1/23/2014 Accountants of the Wor ld Unite! : Business Class - Bloomber g The possibility that the U .S. could giv e up G AAP, w hich Larry Sum m ers called the single-m ost im portant innov ation shaping U .S. capital m arkets, has stirred a heated debate. Y et m any of the argum ents aren't conv incing....
View Full Document

This document was uploaded on 03/06/2014 for the course MGMT 4369 at Texas Pan American.

Ask a homework question - tutors are online