Commissioner Barnier calls for worldwide adoption of IFRSs
14 February 2011
Barnier stressed the need for making progress on convergence because the standards are less useful if they are not used by everyone.
“We must also make the bodies of the IASB more representative, in order to include the major emerging economies but also to reflect the diversity of stakeholders affected by those standards. To this end, the Monitoring Board of the IASB of which I am a member has just started a consultation.”
The consultation Mr Barnier refers to was launched with the publication of the Consultative Report on the Review of the IFRS Foundation's Governance on 7 February 2011.
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