Professor Walter Mattli co-authors survey on international financial reporting
Date
Share
A survey of Chief Financial Officers in the US and Europe suggests widespread opposition to perceived moves by the London-based International Accounting Standards Board (IASB) to full fair value accounting. The report was co-authored by Walter Mattli, an expert on global regulation from the Department of Politics and International Relations, and Tim Buthe of Duke University, USA.
The survey shows support for the development of a single set of global accounting rules, but many doubt that such a set can be achieved and raise concern about several aspects of IASB-standard setting. Walter Mattli said, ‘The potential implications for standard setting through International Financial Reporting Rules are momentous. These accounting or ‘financial reporting` standards specify how assets, liabilities, and particular types of transactions and events should be reflected in corporate financial statements to create accurate and easily comparable measures of different firms` value and financial position. At first sight it may seem surprising that such rules are written by an international, private rather than inter-governmental organisation. Good reasons exist for private-sector rule-making. However, it is essential that we learn more about the operations of global private-sector regulators such as the IASB.` Please see the full article at
