Comment: Battle of the standards in the accounting world

Accountants of listed companies and their overseas subsidiaries will be all too aware of the additional burden arising from the International Financial Reporting Standards (IFRS) as they prepare to publish interim results for the first time this year

Accountants of listed companies and their overseas subsidiaries will be all too aware of the additional burden arising from the International Financial Reporting Standards (IFRS) as they prepare to publish interim results for the first time this year.

Behind the scenes there is something of a battle of accounting standards going on between Europe and the US. Earlier this month Charlie McCreevy, European Internal Market and Services Commissioner, flew into Washington to talk ...