Wednesday, October 29, 2008

Investors call on EC to drop more changes to fair value reporting


Corporate Reporting Users Forum calls on European Commission to drop proposals for further IAS39 carve-outs

A senior group of investors and analysts has written an open letter to the European Commission insisting that there be no further carve-outs to the controversial accounting IAS39 during a meeting to be held in Brussels today.

The letter, published in the FT today, says: ‘Now especially, investors need comparability and transparency, not further uncertainty and inconsistency.’

See full Article.