Business Recorder - World - Europe https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 09:30:52 +0500 Thu, 13 Aug 2026 09:30:52 +0500 60 EU body tells accounting rule setter to slow down https://www.brecorder.com/news/9251/eu-body-tells-accounting-rule-setter-to-slow-down <p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/accounting.445.jpg" width="400" height="398" />LONDON<span style="font-size: 10pt;">: A global accounting rule setter is driving too fast in drafting standards and could damage financial stability, an official at the European Union's executive body said on Tuesday.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;">"A new big bang is coming up and we are extremely concerned," Jeroen Hooijer, a senior European Commission official told an accounting conference.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;">The International Accounting Standards Board (IASB), whose rules are used in over 100 countries, including the EU, wants to complete major changes by June as part of wider efforts to forge a common set of global accounting standards.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></span></p> LONDON: A global accounting rule setter is driving too fast in drafting standards and could damage financial stability, an official at the European Union's executive body said on Tuesday.

"A new big bang is coming up and we are extremely concerned," Jeroen Hooijer, a senior European Commission official told an accounting conference.

The International Accounting Standards Board (IASB), whose rules are used in over 100 countries, including the EU, wants to complete major changes by June as part of wider efforts to forge a common set of global accounting standards.

Copyright Reuters, 2011

]]> World https://www.brecorder.com/news/9251 Tue, 29 Mar 2011 14:52:16 +0500 none@none.com (Muhammad Iqbal)