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IFAC task force to address confidence in financial reporting

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27 Oct 2002

The International Federation of Accountants has appointed a Task Force to address Rebuilding Public Confidence in Financial Reporting.

Task force will identify and analyse the causes of the loss of credibility, and consider alternative courses of action to restore credibility. These may include recommendations on principles of best practice in the areas of financial and business reporting, corporate governance, and auditor performance. The task force will be chaired by John Crow, former Governor of the Bank of Canada, and includes representatives from company management, boards of directors, the investment community, and the accountancy profession. They expect to issue their report in mid-2003. Click for IFAC Press Release (PDF 21k).

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