IASB Chairman's thoughts on principle-based standards
21 Mar 2007
IASB Chairman Sir David Tweedie recently delivered the Ken Spencer Memorial Lecture at the University of Melbourne, Australia.
The title: 'Keep it simple, stupid!' Can global standards be principle-based? Here are a few of Sir David's observations:
The attributes of a good principle-based standard:
The changes that are necessary for principle-based standards to succeed:
|
Here are links to:
- Text of Sir David's Remarks (PDF 93k)
- PowerPoint Slides (PDF 457k)