G20 call for global standards by 2011
Sep 28, 2009
Following their meeting in Pittsburgh, Pennsylvania USA on 24-25 September 2009, the leaders of the G20 nations issued a Final Statement identifying a range of additional steps that should be taken to strengthen international financial regulatory system to avoid a future global financial crisis.
We call on our international accounting bodies to redouble their efforts to achieve a single set of high quality, global accounting standards within the context of their independent standard setting process, and complete their convergence project by June 2011. The International Accounting Standards Board's (IASB) institutional framework should further enhance the involvement of various stakeholders.
Here is the link to our Comprehensive Credit Crunch Page.
Click for G20 Leaders Final Statement (PDF 102k).