ASIAN ACCOUNTING EXPERTS RESPOND TO G20 GLOBAL FINANCIAL REGULATION REFORMS – INDIA
April 1st, 2009
BY RAGHAVENDRA VERMA
"It is a damage control exercise after the disaster has occurred", that is how Amarjeet Chopra, president of Indian Accounting Standards Board (IASB) described the G20 communiqué on strengthening the financial system. Though he welcomed it as a step in right direction, he claimed it was too general in nature. "It must lay down the responsibility for ensuring that the compliance mechanism is put to place", he said, speaking of the commitments of member governments to share financial intelligence.
Kumar Dasgupta, partner ...
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