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Inside this issue

• The world’s biggest economies will all be following the same standards by 2014 if the roadmap is followed

• Proposals for altering the IASB’s governance structure need to enshrine an emphasis on independence - -

Content

Fair value concept prompts cries of foul

Jennifer Hughes says thin markets make the rules more relevant – despite complaints from some banks

The US joins rest of the world

Christopher Cox describes international accounting standards as a ‘revolutionary development’ in the business world, writes Jennifer Hughes

Regulating the regulators

Accountability is key in plans for the governance of the International Accounting Standard Board, says Robert Bruce

Global ambitions

Allen Blewitt, who has just stepped down as chief executive of the Association of Chartered Certified Accountants, is interviewed by Robert Bruce


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