Financial reporting heavyweight highlights the inertia that is affecting efforts to iron out the kinks in the reporting landscape
BP's chief accountant has hit out at accounting standards setters in one of the most scathing attacks by a senior figure to date.
The situation was so grave in Michael Starkie's opinion that he called for the International Accounting Standards Committee's Foundation to overhaul the board of the IASB in a letter to the FT.
Starkie, chairman of the CBI's Financial Reporting Panel said that no improvements had been made to international financial reporting rules in the lat few years as the current body of IFRS was 'so unhelpful for markets.'
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