Accountancy Age has reported:
The International Accounting Standards Board (IASB) is discussing the needs for a committee to oversee its actions in response to concerns from some countries that have been proposing carve-outs to the global standards in an effort to have their own interests served.
Which sounds like a job just made for me.
There is, however, a good question to be asked. Sir David Tweedie has said:
the board would officially announce its plan for putting together such a group, and give details next week.
Does that mean the appointments have already been made? Surely they realise that in a case like this they have to first of all advertise and secondly make sure that the appointments made represent a wide range of interests. Or is that too much to ask?