{"id":22459,"date":"2013-09-25T09:35:52","date_gmt":"2013-09-25T08:35:52","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=22459"},"modified":"2013-09-25T09:35:52","modified_gmt":"2013-09-25T08:35:52","slug":"the-international-accounting-standards-board-you-couldnt-make-them-up","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/09\/25\/the-international-accounting-standards-board-you-couldnt-make-them-up\/","title":{"rendered":"The International Accounting Standards Board &#8211; you couldn&#8217;t make them up"},"content":{"rendered":"<p>This morning's <a href=\"http:\/\/www.pirc.co.uk\/news\/ifrs-you-couldn%E2%80%99t-make-it-up\" target=\"_blank\">Pirc Alert continues Pirc's critique<\/a>, as an adviser to institutional investors, of the\u00a0International Accounting Standards Board and its\u00a0International Financial Reporting Standards.<\/p>\n<p>This morning Pirc makes a serious allegation - which is that an IASB official misled parliament when being questioned by the House of Lords. The allegation is pretty straightforward - it is said he was reading from a statement on accounting principles issued by the\u00a0International Accounting Standards Board when in fact he was not and that statement did in fact imply the exact opposite of what he was representing.<\/p>\n<p>I am one of those who has long been critical of the\u00a0International Accounting Standards Board and as critical of the politicians who allowed it to become a de facto undemocratic law maker virtually beyond the scrutiny of parliament. Such autonomy requires considerable integrity if it is not to be abused. Pirc is saying that integrity is lacking.\u00a0If it's true the\u00a0International Accounting Standards Board is definitely not fit for purpose.<\/p>\n<p>Thankfully t<a title=\"Is accountability returning to accounting standard setting?\" href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2013\/09\/24\/is-accountability-returning-to-accounting-standard-setting\/\">he EU look like they may have realised that.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning&#8217;s Pirc Alert continues Pirc&#8217;s critique, as an adviser to institutional investors, of the\u00a0International Accounting Standards Board and its\u00a0International Financial Reporting Standards. This morning<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/09\/25\/the-international-accounting-standards-board-you-couldnt-make-them-up\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,26,66],"tags":[],"class_list":["post-22459","post","type-post","status-publish","format-standard","hentry","category-accountancy","category-accounting","category-iasb"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/22459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=22459"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/22459\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=22459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=22459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=22459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}