To help achieve those goals, the G20 report calls on the accounting standard setters to improve standards for determining the fair values of financial instruments in illiquid markets and to take other actions regarding complexity of financial reporting, provisioning, and off balance sheet financing, among other matters. Deloitte's IFRS Global Office has published an
IAS Plus Update Newsletter – G20: Implications for IFRSs (PDF 100k). The newsletter focuses in depth on G20 issues that affect financial reporting and highlights areas in which the International Accounting Standards Board and IASC Foundation Trustees are already active or have announced plans to address the G20's recommendations. The newsletter also discusses the accounting-related recommendations of two working groups that the G20 established in November 2008:
- Working Group 1: Enhancing Sound Regulation and Strengthening Transparency
- Working Group 2: Reinforcing International Cooperation and Promoting Integrity in Financial Markets
Click for our
G20 Resources page.
Past issues of all IAS Plus newsletters are
Here.