It can surely have nothing to do with the fact that different standards is good for business, can it?
Onésimo Alvarez-Moro
See article:
Senior UK partners at PwC, the world's largest accountancy firm, want a landmark project to harmonise US and international accounting standards to be shelved indefinitely, according to a confidential internal document.
In a draft positioning paper seen by the Financial Times, PwC said the International Accounting Standards Board needed to focus solely on improving its own standards. "In doing so, the standard setting process will provide significantly more value than would be achieved from the current convergence agenda," it said.
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