Push for accounting convergence threatened by EU reform drive

Article reports that The European Union's new Internal Market Commissioner Michel Barnier proposed reforms in March 2010 to the body that sets international accounting rules, tthe International Accounting Standards Board, infuriating accountants and potentially scotching fragile hopes of global convergence.

European Commission: DG Internal Market and Services: Business environment: Accounting http://ec.europa.eu/internal_market/accounting/index_en.htm

Website: International Accounting Standards Board (IASB) http://www.iasb.org/Home.htm

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