G20 reaffirms commitment to global accounting standards
In a communique released after their meeting in Busan, Korea on 4-5 June 2010, the Group of 20 finance ministers and central bank governors reaffirmed their support of a single set of global accounting standards.
[We express] the importance we place in achieving a single set of high quality, global accounting standards and urged the International Accounting Standards Board and the Financial Accounting Standards Board to redouble their efforts to that end. We encouraged the International Accounting Standards Board to further improve involvement of stakeholders.
- Text of G20 Communique (PDF 53k)
- Letter from IASB and FASB to G20 Finance Ministers (PDF 51k) sent in advance of the meeting