IASB standard setters come under further slating following an attack from Michael Starkie, BP’s chief accountant
The volume and range of International Accounting Standard Board (IASB)’s reporting standards may be consistent, but they have made published accounts less understandable than previously, says Richard Muir-Simpson, ACM Catalyst chief executive, in a to the editor of the Financial Times today.
Applauding Michael Starkie, BP’s chief accountant ‘unreservedly’, Muir-Simpson said the IASB ‘wishes to subjugate judgment - true and fair - and descriptive powers to a secondary or tertiary level with theoretical accounting dominating’.
See full Article.
Posts
