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IASCF Monitoring Board statement to G20

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09 Jun 2009

The Monitoring Board for the International Accounting Standards Committee Foundation has issued a Statement Regarding Due Process toward Addressing Calls from G-20 Leaders.

An excerpt:

We believe that standard setters will be best able to produce high quality standards if they are able to exercise independent judgment relying on their skills, experience and due process, and taking into account the urgency of certain issues and the views of all stakeholders. Therefore, with respect to the steps taken by the IASB, we reiterate that the IASB's due process and transparency in financial reporting are critical to our continued support, as the authorities charged in our jurisdictions with determining accounting standards for use in our capital markets, for IFRS in its role as a global accounting standard.

Click for: Statement Regarding Due Process toward Addressing Calls from G-20 Leaders (PDF 45k).

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