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Hans Hoogervorst speaks on corporate governance

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Oct 02, 2014

Today, at the 2014 IOSCO Conference, IASB Chairman Hans Hoogervorst provided his comments on the role global accounting standards play in strengthening corporate governance in the capital markets.

Chairman Hoogervorst highlighted that in a recent IASB survey on the use of IFRS around the world, 114 out of 138 jurisdictions have adopted IFRSs with another 12 allowing the use of IFRSs. He noted that with the increasing use of IFRSs globally, investors are better prepared to effectively evaluate and compare the performance of companies. However, he mentioned that additional work is necessary in order to provide investors a more accurate assessment of a company and used leases as an example to stress his point that accounting standards are key component of corporate governance.

For more information, see his speech on the IASB’s Web site.

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