Tuesday, February 16, 2010

IASB Finally Admits that Investors Exist

For the first time, Investors are specifically identified as the target audience for financial information.

This is seen as an attempt to side with accountants in the battle with politicians who say IASB rules should play a wider role such as by aiding financial stability.

The IASB made a number of annoiuncements yesterday, February 15, about its future direction and governance.