Financial Regulatory Forum

Drive for international accounting convergence slows

August 17, 2009

By Huw Jones
LONDON, Aug 17 (Reuters) – The credit crisis is hindering as well as helping the drive to create a globally accepted set of accounting rules, and it may take intervention by world leaders to keep the effort on track.

Regulators urge politicians to ease pressure for accounting changes

July 28, 2009

By Huw Jones
LONDON, July 28 (Reuters) – Accounting did not trigger the credit crunch and policymakers should avoid putting pressure on standard setters to make hasty rule changes without proper consultation, a high-level group of regulators said in a report on Tuesday.