Concerns rise over new oversight body to monitor the creation of accounting standards
Plans to create a new oversight body to monitor the creation of accounting standards are running into criticism, as fears grow that the new body could undermine the effectiveness of the IASB.
The concerns are focused particularly on the idea that the body could ask questions on any area of the IASB’s work.
The members of the group will have the authority to approve trustee selection, request meetings with the trustees or separately with the chairman of the trustees, or the chairman of the IASB as appropriate, about any area of work of either the trustees or the IASB.
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