Standardi finansijskog izveštavanja - u prilog poverenju i integritetu
The Future Approach To Setting Global Financial Reporting Standards - In Favour Of Trust And Integrity

Summary/Abstract: The experience in developing principles and standards in the field of accounting and financial reporting, bankruptcies and other events around the world indicate that a new approach is needed to restore the trust and consolidate the integrity of the profession. The consequences of the financial crisis question the benefits of further action in support of the convergence. A consensus and agreement have been reached that the economic reality in the world has changed to an extent where the strategy and policy of convergence could hardly be as appropriate and efficient as they were for the past period. The concept that the convergence cannot be a key driving force any longer has been gaining more and more supporters. The efforts must be focused on the joint development of a new set of global financial reporting standards in duly identified key priority areas. The people concerned would best be served by high-quality financial information, and such information could be provided by means of a single set of global financial reporting standards, based on principles, and set by a single independent world institution.

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