The Global Accounting Alliance - an alliance of professional accounting bodies from across the world formed in November 2005 - has published its report Making Financial Reporting Simpler and More Useful - the Way Forward: see here (pdf). The GAA expresses its support for a single set of globally accepted, principles-based financial reporting standards, primarily focused on transparency and the needs of capital markets rather than the needs of prudential regulators.
Thursday, 11 February 2010
Making financial reporting simpler and more useful - GAA report published
The Global Accounting Alliance - an alliance of professional accounting bodies from across the world formed in November 2005 - has published its report Making Financial Reporting Simpler and More Useful - the Way Forward: see here (pdf). The GAA expresses its support for a single set of globally accepted, principles-based financial reporting standards, primarily focused on transparency and the needs of capital markets rather than the needs of prudential regulators.
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