Convergence of US and international accounting standards is less important than making accounting rules more relevant, an investor poll has found. A survey by CFA Institute, a group of more than 16,000 investment professionals, found that three quarters of respondents believe that improving standards to facilitate investment decisions is “at least as important if not more important” than reducing complexity or convergence. Only 6% of respondents said that converging the International Accounting Standards Board and its US rival should be the key objective.

This entry was posted by Gwen Robinson on Tuesday, December 22nd, 2009 at 2:24 and is featured in The 6am Cut London (22 Dec 2009) . Tagged with CFA Institute, IASB. Edit this entry.