ABI responds to launch of accountancy crisis advisory group

ABI responds to launch of accountancy crisis advisory group

ABI responds to launch of accountancy crisis advisory group

Responding to the launch of the IASB / FASB Financial Crisis Advisory Group (FCAG) on which he will sit, Stephen Haddrill, the ABI’s Director General, said:

“The creation of this Group is a positive step, and I look forward to actively participating in its work. Investors need clear, reliable information and I continue to see fair value as the best way to achieve that. However, during the current crisis we must make sure such transparency does not destabilise markets, and I will be keen to look at how that can be avoided.

“Central to any development is a strong and truly independent IASB based on legitimacy, with effective communication and engagement with a wide range of stakeholders, particularly investors as users of accounts.”

– ENDS –

Notes for Editors

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