'Regulatory overkill' threatens global accounting standards

ICAEW warns regulation undermining initiatives

Druckman warns of over-burdening Complex, high-cost regulatory regimes of mature economies threaten to undermine the adoption of globally accepted accounting and auditing standards by developing nations.

The stark warning comes from the Institute of Chartered Accountants of England and Wales. which believes 'regulatory overkill' has the potential to quash any hopes for a common international approach to the regulation of auditing and accounting.

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