Financial Times FT.com

US must take the bold path on standards

By Mary Tokar

Published: April 16 2008 17:14 | Last updated: April 16 2008 17:14

Fahrenheit or centigrade? Miles or kilometres? International financial reporting standards or US generally accepted accounting principles?

Most of us can manage rough conversions between the first two but the last is harder. However, will it be necessary for much longer?

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