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Accounting giants debate possible international standards

The Robert Zicklin Center for Corporate Integrity hosted former accounting standards board chairs Sir David Tweedie of the International Accounting Standards Board and Robert Herz of the Financial Accounting Standards Board in an April 1 event titled “Accounting Standards for Global Capital Markets: Past, Present and Future.”

Accounting giants debate possible international standards

BARUCH TICKER
BY
Maria Marcowicz
New York (April 20th, 2015)

The Robert Zicklin Center for Corporate Integrity hosted former accounting standards board chairs Sir David Tweedie of the International Accounting Standards Board and Robert Herz of the Financial Accounting Standards Board in an April 1 event titled “Accounting Standards for Global Capital Markets: Past, Present and Future.”

The speakers spent over an hour debating the merging of U.S. generally accepted accounting principles with the international financial reporting standards.

Accounting standards provide guidelines for financial reporting, and without common guidelines companies would not be able to carry out comparative analyses, a crucial task performed by investors and creditors

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