Chairman highlights dangers to IASB survival if US fails to adopt IFRS
US adoption of global accounting rules is “highly uncertain” and could threaten the survival of the International Accounting Standards Board, a leading board member has warned.
Tommaso Padoa-Schioppa, newly appointed chairman of the IASB trustee group, has signaled his intention to review the organisation, due in part to uncertainty surrounding US adoption of international accounting standards.
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