IFRS Foundation chair slams 'tweaks' to global rules _ Accountancy Live

In his s peec h prada c autioned that if s om e juris

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: n we are all better off,’ Prada s aid. In his s peec h, Prada c autioned that if s om e juris dic tions , and partic ularly the larger ones , s howed s igns of wanting to return to the ‘a la c arte’ m odel, then others were likely to follow and ‘everyone los es ’. ‘If the IASB and the FASB c ould not c om e up with the s am e s tandards for the netting of derivative c ontrac ts , and has s truggled to find a c om m on loan los s im pairm ent m odel, des pite years of s itting around the s am e board table, then what c hanc e is there for m ultiple boards to independently reac h the s am e outc om e?’ Prada s aid. He als o s poke out agains t a dec entralis ed proc es s by whic h national regulators would work together with a view to either c onverge towards international s tandards , or not, ac c ording...
View Full Document

This note was uploaded on 04/02/2014 for the course MGA 302 taught by Professor Ampadu during the Spring '09 term at SUNY Buffalo.

Ask a homework question - tutors are online