IASB Chairman comments to UK Treasury Committee
25 Apr 2002
The Treasury Committee of the UK House of Commons has been conducting an inquiry relating to financial regulation of public limited companies.
The formal terms of reference are "to examine, in the light of the Enron collapse, the arrangements for financial regulation of public limited companies in the United Kingdom". On 5 April 2002, IASB Chairman Sir David Tweedie provided (PDF 89k) to the committee. His 20-page submission addresses, among other things, how IFRS differ from US GAAP and current criticisms and concerns about financial reporting.