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The world’s securities authorities welcome the upcoming Roundtable organized by the IASCF regarding the creation of an IASCF Monitoring Group. The Group’s role will be expressly designed to ensure the independence of the IASB, while reinforcing the public interest oversight provided by the IASCF Trustees.
The Monitoring Group will provide for organized interaction between national authorities responsible for the adoption or recognition of accounting standards for listed companies and the IASCF. U.S. Securities and Exchange Commission Chairman Christopher Cox, IOSCO Executive Committee Chairperson Jane Diplock, Financial Services Agency of Japan Commissioner Takafumi Sato, and European Internal Market and Services Commissioner Charlie McCreevy stated,
The securities authorities also look forward to further engagement with the IASCF’s on governance matters, as the Constitution review progresses towards improving its public accountability.