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Over 90% of institutional investors want unified global standards

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09 Jul 2002

A survey by McKinsey & Company of over 200 institutional investors in 31 countries found that over 90% of them want a single unified set of global accounting standards.

However they are split over which standards, with investors from Western Europe, Eastern Europe, Africa, and Asia favouring IAS and those from North America and Latin America favouring US GAAP. The study also found that 'accounting disclosure' is the single most significant factor affecting their investment decisions. Another interesting finding: investors strongly favour expensing stock options, with over 90% supporting such a change in all parts of the world except North America, where it is 67% in favour.

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