THE INCOMING HEAD of the International Accounting Standards Board (IASB) has said that the standard setter needs to become more open and better represent the interests of all its country members.
Speaking on the opening of a two-day European Commission conference on financial reporting and auditing, Hans Hoogervorst (pictured), who will succeed the IASB chairman, Sir David Tweedie at the end of June, said that international accounting-rule setters needed to remain independent from business, while remaining sensitive to legitimate business concerns about new financial reporting rules.
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