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17 July 2009

FRC Chief Executive Argues Against Changing the Fundamental Purpose of Accounting


Paul Boyle argued against proposals to use accounting as a public policy tool to reduce pro-cyclicality and challenged the proposition that accounting measures that show volatility should be adjusted to create an impression of stability.

Paul Boyle argued against proposals to use accounting as a public policy tool to reduce pro-cyclicality and challenged the proposition that accounting measures that show volatility should be adjusted to create an impression of stability.

More summary to follow.

 
 




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