World leaders at the G-20 summit in London last week pledged to make accounting reform a pillar of their efforts to restore stability to the global financial system. Accounting rulemakers meeting in the city at the same time, however, voiced concerns that politicians were pushing reform too fast and in the wrong direction.
Most of the spotlight last week went to anti-capitalist protesters in the streets of London, and to the final communiqué from G-20 leaders that listed numerous accounting reforms they want to see by the end of the year.
