Accounting politics go global as IASC reviews constitution

The trustees of the International Accounting Standards Committee Foundation have begun deliberations on an increasingly political review of its constitution.

Up for debate are such crucial international issues as the number and balance of trustees, the treatment of small and midsized enterprises, and the background balance of International Accounting Standards Board members.

The foundation, which oversees the IASB, began its constitutional review process in 2003, as mandated by its constitution. In November of 2004, the foundation's constitutional review committee issued 10 recommendations and several questions for public comment, and in March of 2005, the committee began its deliberations.

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