International Accounting Standards Board chairman Sir David Tweedie has defended the organization’s response to the financial crisis in front of a meeting of European ministers in Luxembourg.
Tweedie told European Union finance ministers that he “took very seriously” their concerns about “the pace and substance” of IASB’s accounting standards reform. And he conceded that the board must “do a better job” of keeping European politicians up-to-date on how the board is responding to their accounting concerns.
