Britain should review how it sets accounting rules after research found they may clash with U.K. law, the Local Authority Pension Fund Forum said.
Europe’s accounting standard-setters proposed rules to streamline how banks book complex financial instruments, in an attempt to make it easier to understand banks’ value.
Warning: Banks in the U.S. are bigger than they appear.
The following is a reformatted version of a statement released today by leaders of the Group of 20 economies after talks in Seoul.
U.S. regulators should adopt international accounting rules, known as IFRS, to improve transparency, the chairman of the International Accounting Standards Board said today.
The International Accounting Standards Board should stop trying to get the U.S. to adopt its standards and instead focus on China and other countries that are more willing to follow the rules, a U.K. group said.