Newsletter Apr 2008: Accounting rule-makers speed reforms

LONDON – Trustees overseeing the global accounting rule-makers of the International Accounting Standards Board (IASB) are accelerating two key reforms aimed at enhancing the integrity and transparency of their work. This will mean bringing forward to January 1, 2009 the creation of a monitoring group to oversee the Trustees of the International Accounting Standards Committee (IASC) Foundation, the IASB’s oversight body, and an expansion of the IASB to 16 members from 14.