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GAAP.RUNewsTweedie warns US to adopt standards or lose influence

Tweedie warns US to adopt standards or lose influence

“You are having an influence on our standards, but aren’t willing to take them yourselves”, - Sir David says in interview

Author: Mario Christodoulou

Publication date: 11 August 2010

The US could be stripped of any influence over global financial rules if it does not adopt them itself, the head of the international accounting standard setter has warned. Sir David Tweedie, chairman of the International Accounting Standards Board (IASB), believes US influence on standard setting may diminish if it rejects international accounting rules next year.

The US could be stripped of any influence over global financial rules if it does not adopt them itself, the head of the international accounting standard setter has warned: sir David Tweedie, chairman of the International Accounting Standards Board (IASB), believes US influence on standard setting may diminish if it rejects international accounting rules next year.