Global Standards - Priority For All Entities
Source: Deloitte Touche Tohmatsu
The integrated nature of capital markets, combined with the mobility of capital itself, highlights the need for a commonly accepted set of accounting standards. The financial crisis has emphasised the relevance of the International Accounting Standards Board's (IASB's) mission towards a global set of standards. More than ever, there is a need for a single set of worldwide accounting standards.