This Exposure Draft deals with two matters on which professional accountants in business most often seek assistance in practice—their responsibility to produce financial reports that are faithful representations of the economics of transactions, and pressure to breach the fundamental ethical principles.
IFAC CEO Fayez Choudhury discusses the convergence of accounting standards and their central role in contributing to financial stability in an article published in The Australia Summit: Brisbane, to coincide with the November 2014 G-20 Leaders’ Summit.
The Australia Summit: Brisbane provides an in-depth analysis of the current views and future ideas of the leaders of the G-20, including introductions from current and future G-20 summit hosts, Australian Prime Minster Tony Abbott, and Turkish Prime Minister Ahmet Davutoglu—as well as other government and business leaders and others.
Read his article, “Building Resilience in Financial Systems.”
