EU GREEN PAPER

Keith NuthallTHE EUROPEAN Commission has made the case for governments and inter-governmental organisations increasing their influence over cross-border accountancy bodies, such as the International Accounts Standards Board (IASB). In a green paper on financial services, Brussels said that "the debate about the future governance, funding and political accountability of global standard-setting bodies....are of growing political importance". It added: "Public oversight of these structures must be strengthened, to ensure appropriate reflection of stakeholders, ...


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