IASB told to improve its governance
The International Accounting Standards Board (IASB) has been told to improve its governance. This statement, made by leading financial regulators comes just ahead of the plans in place for the IASB rules to form a general set of international standards from 2011. A general high quality accounting standard has been called for by the leaders of G20 for some time.
Previously we have expressed the opinion that the IASB, who introduced the IAS2 regulation in relation to option expensing, would be well advised to look again at these requirements, to apply some common sense and to scrap the practice.
Now we urge that they become more transparent and put in place procedures to strengthen governance before 2011 in order to quash any doubts about the new international standards. Whether all of the G20 countries will put in place the new standards remains to be seen.
If you would like to speak to someone about option expensing please contact us on 020 8949 5522.