November 2015 - Emile Woolf writes

IFRS under attack – this time it’s serious!

Arguments over accounting’s role in the 2008 financial crisis persist. Few would go so far as to pin responsibility entirely on the permissive IAS 39 loss-recognition rules, but even their staunchest defender would concede that their labyrinthine intricacy rendered their meaning impenetrable. Many readers will recall Sir David Tweedie’s quip in 2005, when he chaired […]

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