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Article: IASC: global accounting standards make sense.(International Accounting Standards Committee)
- Article from:
- Accounting Today
- Article date:
- November 20, 1995
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London - Neither the proliferation of different, clashing national standards or a system based only on U.S. standards can win the credibility necessary to trade on the global financial markets, according to the leader of the global accounting standards movement.
When so many professionals have difficulty mastering their own standards, said Michael Sharpe, the chairman of the International Accounting Standards Committee, "it is unreasonable to expect investors to become familiar with many different national sets of accounting standards when making investment decisions."
In a speech to the First Annual General Assembly of the Federation of Euro-Asian Stock ...