UNDER PRESSURE

摘要

Supporters of the International Accounting Standards Board (IASB) would have found many UK press clippings somewhat depressing reading towards the end of 2012. Published letters from groupings of corporate governance experts and other representatives of investment organisations urged not only UK but also European policymakers to investigate whether International Financial Reporting Standards (IFRS) provide 'a reliable basis for promoting long-term stewardship'. Robin Freestone, CFO of Pearson and now chairman of the Hundred Group, has criticised mark-to-market accounting - an important element in IFRS - at various conferences.