Accounting provides a fundamental underpinning for capital markets, and the worldwide spread of International Financial Reporting Standards (IFRS) marks one of the most advanced attempts to develop globally consistent financial rules.
The financial crisis has generated heated debate on the economic role of fair-value accounting and other IFRS principles. Underlying these controversies are differing views about the mission and governance of accounting standard-setters, and how standards interact with other public policy instruments. Choices are made more difficult by the absence of relevant precedents for the unique institutional features of the global standard-setting organisation, the IFRS Foundation.

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Gogegrirm 20th December 2011
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qaflpo 13th December 2011
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Keyla 13th December 2011
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alberto carzaniga 17th July 2011
1.what about accounting standard in public finance ? state accounting standard ?
2.the problem is the same (be sure you count apples only, not apples and oranges) : also within European Union my feeling is that the accounting standards are not the same. Take public debts : are we sure that some EU members are not putting some public debts under the carpets ? if is not strictly public debts, it could be public risks, or risks of more public debts;
3.which is your opinion ?
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