23.10.2008 - Investors demand clarity from EU on accounting rules
From Investorsoffshore.com: The Investment Management Association (IMA) has warned that the European Commission's rush to reform accounting standards in the light of the financial crisis risks causing increased uncertainty for the investment community regarding financial accounts. "What is important to users is transparency, and comparability and consistency in financial reports. But seeking to make changes by the end of October, as the Commission proposes, runs the risk that this will not be maintained and such changes could result in unhelpful reporting..... Full Article: Source