IASB and FASB create advisory group to review reporting issues related to credit crisis

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today announced that they will create a global advisory group comprising regulators, preparers, auditors, investors and other users of financial statements.

The advisory group will help to ensure that reporting issues arising from the global economic crisis are considered in an internationally co-ordinated manner.

Source: http://www.iasb.org/News/Press+Releases/IASB+and+FASB+create+advisory+group+to+review+reporting+issues+related+to+credit+crisis.htm

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