{"id":5887,"date":"2010-01-22T12:46:22","date_gmt":"2010-01-22T10:46:22","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/22\/the-iasb-the-problem-of-one-uniform-model-when-it-is-the-wrong-one\/"},"modified":"2010-01-22T12:46:22","modified_gmt":"2010-01-22T10:46:22","slug":"the-iasb-the-problem-of-one-uniform-model-when-it-is-the-wrong-one","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/22\/the-iasb-the-problem-of-one-uniform-model-when-it-is-the-wrong-one\/","title":{"rendered":"The IASB: the problem of one uniform model when it is the wrong one"},"content":{"rendered":"<p>I&rsquo;m told one member of the audience at <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/22\/the-iasb-wall-is-coming-down\/\" target=\"_blank\">yesterday's meeting<\/a> where Adair Turner spoke about the need to transform the accounting of banks asked:<\/p>\n<blockquote>\n<p>whether a failed standard setter should be able to fail, given free market principles..?<\/p>\n<\/blockquote>\n<p>A panellist from the right wing American Enterprise Institute said &quot;good question&quot; and:<\/p>\n<blockquote>\n<p>it hasn't failed financially but it has failed intellectually, so it should be allowed to fail. <\/p>\n<\/blockquote>\n<p>and added:<\/p>\n<blockquote>\n<p>It shows the problem of one uniform model when it is the wrong one<\/p>\n<\/blockquote>\n<p>which rather reminds me of Voltaire who said:<\/p>\n<blockquote>\n<p>It is dangerous to be right in matters where established men are wrong.<\/p>\n<\/blockquote>\n<p>Not spoken in jest, I suspect. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&rsquo;m told one member of the audience at yesterday&#8217;s meeting where Adair Turner spoke about the need to transform the accounting of banks asked: whether<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/01\/22\/the-iasb-the-problem-of-one-uniform-model-when-it-is-the-wrong-one\/\"><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":[26,66],"tags":[],"class_list":["post-5887","post","type-post","status-publish","format-standard","hentry","category-accounting","category-iasb"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5887","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=5887"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5887\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=5887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=5887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=5887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}