Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-24-Speech-4-175"
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"en.20080424.18.4-175"2
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"Public oversight of bodies such as the IASCF/IASB is a controversial issue. Work towards convergence as agreed in the IFRS can bring increasing benefits for companies working on an international basis. Many millions of euros can be saved by avoiding double accounting. However, the nature of such agreements being implemented by way of an untransparent and removed process calls into question public scrutiny of this procedure.
SMEs also need proper attention, and less is known as to their treatment than for large companies.
Furthermore, the principle of fair value is one which does not need to be eroded by alternatives and interpretations beyond that which it is reasonable to accept."@en1
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