EU's McCreevy attacks IASB

What's behind EU internal trade commissioner Charlie McCreevy's attack on the IASB? His spokesman strenuously denies it has anything to do with the battle over IAS 39. Does he envisage the EU having its own standard setting board?

And do his allegations, that the IASB's funding and accountability need to be explored, have any basis in truth?

See latest Business Management Review - Issue 96 - 18 Jan, 2005.