9th March 2010:

Stability accounting

Yesterday’s Lex column referred to the emerging conflict, on which I have commented before, between the needs of banking regulators and investors in banks.  Lex suggested the conflict was between regulators and accountants but I think recognised that accountants – in this case accounting standard setters – were representing the interests of investors.

Lex is quite direct – “Accounting needs to stay a true business snapshot.  Regulators must find their backbone elsewhere.”

I agree.

 Standards & Regulators  2 Comments March 9th, 2010