Coalition admits concerns over 'flawed' IFRS – Telegraph

Tim Bush, a member of the Urgent Issues Task Force that reviews the work of the Accounting Standards Board (ASB), wrote a letter to the BIS last week describing a "regulatory fiasco" in bank company reporting.

He claimed that the ASB had "not fully understood" the International Financial Reporting Standards (IFRS) and implemented a system in the UK that was both different and flawed to the one adopted elsewhere in Europe.

היה ב-Coalition admits concerns over 'flawed' IFRS – Telegraph.