Volcker Tells EU of Proposed IASCF Constitutional Reforms

The IASB, run by the Americans, and the European Union continue to have their disagreements about whether US rules should reign supreme worldwide, without question. The question about how to regulate European companies and whether there should be a flexible timetable also continues.

It appears that we are getting to an agreed conclusion.....it appears.

OAM

On Feb. 25, 2005, International Accounting Standards Committee Foundation (IASCF) Chairman Paul Volcker made a speech to the European Union's Accounting Regulatory Committee (ARC), summarizing the current status of proposed reforms to the IASCF Constitution. The constitutional reforms would affect the composition and operation of the IASCF and the International Accounting Standards Board (IASB) it oversees.

See full Article.

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