JOHN GRIFFITH-JONES on fair value accounting

In the first part of this week's View from the Top, John Griffith-Jones, chairman of KPMG in the UK, says he thinks the auditing profession has done well during the current economic crisis. Mr Griffith-Jones tells Richard Milne, the FT's European Business Correspondent, that there may be refinements needed to fair value accounting but on balance he believes it is on the right track.