UK parliamentary body urges caution over IFRS
30 Mar, 2011
The UK House of Lords committee examining audit concentration and the role of audit has issued its report.
Although it mainly calls for the re-establishing of confidential dialogue between bank auditors and supervisors it also contains some observations on the role which IFRS should play. Chapter 5 of the report is dealing with the impact of IFRS on the banking sector. Here is an extract:
Click Here (link to UK Parliament website) for the full report.