Wednesday, June 10, 2009

IASB: We're Almost Done. We're So Close. Just Wait a Little Longer

In keeping with the rich tradition of accounting regulators taking reactionary measures, Sir David Tweedie, the Chairman of the International Accounting Standards Board (IASB), has said that the Board will be out with its response to the financial crisis by the end of the year.

"Speaking at a meeting for European Union finance ministers in Luxembourg he conceded that 'we have to do a better job of keeping you abreast of our response to the crisis.'"

Response to the crisis? THE CRISIS IS OVER. We're just wallowing in the rubble right now and you're going to respond to it by the end of the year?

Don't you love how accounting regulators move with sloth-like speed whenever everyone is drenched in financial catastrophe poo? They're basically living by the mantra, "There is no problem, until there is a problem, and we don't cause problems".

By the time they respond, we'll all be speculating on real estate again.

IASB 'on track' with crisis response
[AccountancyAge] Sphere: Related Content

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