ACCOUNTANTS TRY TO READ THE RUNES IN OBAMA’S FINANCIAL REGULATION REFORMS
June 1st, 2009
BY ALAN OSBORN
WHILE few accountancy bodies are yet prepared to formally comment on President Barack Obama's sweeping plans for reforming US financial regulation, there can be little doubt that if the proposals become law the repercussions will be felt throughout the international accounting world. A clear focus on the need for global cooperation runs through the White House package, underscoring the president's assertion that "problems in any country's financial system can easily and quickly spread throughout the global financial system." There is no ...
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