Leaders of the G20 nations must underline their commitment to a single set of global accounting standards when they meet in Pittsburgh this September, or unease about the future of International Financial Reporting Standards (IFRS) will grow, according to a policy paper from the Association of Chartered Certified Accountants.
The London-based body warned that “political interference in the standard process is more prevalent” and it was causing growing uncertainty around the future of the IFRS project.
