The third issue for 2008 of PwC's World watch newsletter has been published. The newsletter provides an excellent overview of recent developments - from across the world - concerning corporate governance and corporate reporting. Amongst the items reported is the publication by the Institute of International Finance of Principles of Conduct on Compensation Policies. The principles can be found in the IIF's report on market best practices. Elsewhere in issue 3 there is a note concerning the joint work of the IASB and FASB with regard to the development of a conceptual framework for financial reporting. Issue 3 of World watch was, however, published before the publication by the IASB and FASB of a discussion paper setting out a joint approach to the recognition of revenue.
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