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"Convergence can never be a substitute for adoption of IFRS"

  • IFRS - IASB Image

Mar 08, 2014

At the 8th IFRS Regional Policy Forum currently hosted by the Institute of Chartered Accountants of India (ICAI) in New Delhi, IASB Chairman Hans Hoogervorst gave a speech entitled "Closing the accounting chapter of the financial crisis" in which he detailed the IASB's reaction to the financial crisis and concluded that convergence was an unstable means to achieve a single set of global accounting standards.

Please click for the full text of Mr Hoogervorst's speech on the IASB website.

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