FRC Chief Executive Argues Against Changing the Fundamental Purpose of Accounting

17 July 2009

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.