SEC REVIEW MEMBER CALLS FOR URGENT ACTION BY NEWLY ELECTED OBAMA ON ACCOUNTING ISSUES

BY SARAH BROWN A FORMER chairman of America's federal Deposit Insurance Corporation has called on the incoming Obama administration in the USA to start working on accounting reforms as soon as the new president takes office on January 20. Speaking to Accountancy Age a day after the decisive election of Barack Obama as the 44th president of the United States, William M Isaac said: "I think generally that our accounting rules, as well as the way in which we set them, ought to be a very high priority for the Obama administration." Isaac has been an ...


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